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Keep Raises C$108M to Transform Small Business Banking in Canada

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TORONTO, May 20, 2025 /CNW/ – Keep, Canada’s first all-in-one financial platform built exclusively for small businesses, today announced a C$108 million in new funding as it emerges from stealth mode. The funding includes C$33 million in equity financing led by Tribe Capital, a C$71 million credit facility from Coventure (Treville), and a C$4 million venture debt line from Silicon Valley Bank. This investment will accelerate Keep’s mission to solve critical cash flow and operational challenges faced by Canada’s 3 million small businesses.

Canada’s $500B+ small business banking market remains dominated by legacy banks offering outdated software, subpar customer service, and rigid underwriting processes that cripple small businesses’ ability to flourish. Keep addresses this gap by serving both established businesses seeking a better experience and entrepreneurs traditionally overlooked by conventional banks.

While fintech innovators like Brex, Mercury, and Ramp have transformed small business banking in the US market, Canadian entrepreneurs have lacked similar options. Keep is bringing this financial revolution north of the border with solutions specifically designed for Canadian tax systems, banking regulations, and business needs.

“Traditional banks have failed Canadian entrepreneurs for too long,” said Oliver Takach, Keep’s Co-founder and CEO. “We’re building the financial operating system that Canada’s small businesses actually need – one that provides the technology, tools, and services to help them thrive.”

Takach speaks from experience. As a two-time Y Combinator founder who bootstrapped a business to C$2M revenue in 2019, he faced the same financial hurdles that plague Canadian entrepreneurs. “Keep was born from my own frustration with fragmented systems and banking inefficiencies,” Takach explained. “We’re building what I desperately needed back then.”Keep’s integrated platform includes Canada’s first fintech business credit card, automated expense management, multi-currency accounts, and flexible global bill pay – all designed to eliminate the fragmented, fee-heavy solutions that burden business owners today.

“With Keep, we’ve cut our financial admin time by 80%,” said Glen Napier, CEO of James G Armour & Co. “The integration of their products was seamless and helped us double our revenue in just six months. What used to take weeks with traditional banks now happens instantly.”

In 2024 alone, Keep experienced substantial growth crossing C$20 million in annualized revenue, less than 2 years after going live. Keep also achieved over 300% net dollar retention, reflecting exceptional customer satisfaction and has onboarded over 3,000 SMBs across a diverse mix of industries.

“Keep’s incredible growth and product adoption is far beyond what we see in high growth companies at their stage today,” said Arjun Sethi, Co-Founder and Partner at Tribe Capital. “We’re excited to support Keep as it redefines how businesses manage operations and cash flow, empowering them with smarter, more flexible financial solutions.”

Looking ahead, Keep is well positioned to become the financial backbone for Canadian entrepreneurs. “By 2027, we aim to serve 100,000 small businesses across Canada, helping them save over quarter billion dollars in fees annually,” said Takach. “This funding brings us one step closer to our ultimate goal: ensuring that no Canadian entrepreneur’s vision is constrained by access to fair, flexible financial services.”

The funding round attracted strong participation from both existing and new investors, including Rebel Fund, Liquid2 Ventures, Cambrian, and Assurant Ventures. Notable individual investors include founders and executives from fintech leaders such as Robinhood, Venmo, Stripe, Plaid, Chime, Coinbase, Ramp, and Alloy.

To get in touch with the Keep team, reach out at press@trykeep.com

About Keep
Keep is Canada’s first all-in-one financial platform built exclusively for small businesses.  Keep allows SMBs to control spend, automate bookkeeping, and send, receive, and store funds – all in one powerful, integrated platform, Keep eliminates the fragmented, fee-heavy solutions that burden business owners today. Founded in 2022, Keep is headquartered in Toronto and backed by leading global investors. Learn more at trykeep.com

About Tribe Capital
Tribe Capital is a venture capital firm focused on capturing a perpetual edge in venture and crypto using data science. The team is made up of investors, engineers and scientists who use artificial intelligence and data science to model venture-backed private companies. The San Francisco-based firm has approximately $1.8 billion in assets under management and has made notable investments in Apollo.io, Carta, Docker, Kraken, Instabase, and Shiprocket. To learn more, visit tribecap.co.

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Bloomberg Law Survey Examines AI’s Return on Investment as Attorneys Weigh Risks

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November 10, 2026

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New report explores the business case for legal AI, trust in complex tasks, and client expectations

ARLINGTON, Va., Nov. 10, 2026 /PRNewswire/ — As artificial intelligence becomes more widely used in legal practice, attention is turning to what it delivers. Bloomberg Law’s new 2026 AI in Practice report examines that question alongside attorneys’ concerns about the technology, its reliability, and its implications for their work.

Drawing on responses from more than 1,000 attorneys to Bloomberg Law’s biannual State of Practice survey, the report explores how attorneys use AI tools and whether they trust them for complex tasks.

The survey found that 76% of attorneys are concerned about AI going rogue, while 25% fear their job will be replaced by the technology.

The report also examines the business case for AI, the importance of checking its outputs, and client expectations about its use.

“As AI becomes part of everyday legal work, attorneys need to understand where it adds value and where it requires closer scrutiny,” said Cesca Antonelli, editor-in-chief, Bloomberg Industry Group. “These findings give legal employers a basis for assessing their investment in AI and the questions they need to address with their attorneys and clients.”

Together, the findings offer a look at how attorneys are navigating the practical demands of AI adoption, from evaluating its return on investment to maintaining confidence in the work they deliver.

Download Bloomberg Law’s 2026 AI in Practice report at https://aboutblaw.com/bnmQ.

About Bloomberg Law

Bloomberg Law provides the content and technology legal professionals need to act decisively in a rapidly changing world. Trusted by law firms, corporations, and government agencies, the Bloomberg Law platform combines authoritative news, expert guidance, market intelligence, and advanced research tools to equip legal professionals with the insights they need to deliver guidance with confidence.

Bloomberg Law is part of Bloomberg Industry Group, an affiliate of Bloomberg L.P., a global leader in business and financial information, data, news, and insights.

For more information, visit pro.bloomberglaw.com.

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SOURCE Bloomberg Law

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DQS certifies Samsung Display’s automotive cybersecurity management

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43 minutes ago

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November 10, 2026

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Samsung Display achieves ISO/SAE 21434 certification and an ENX VCS label following independent assessments by DQS.

– Picture is available at AP –

FRANKFURT AM MAIN, Germany and YONGIN, South Korea, Nov. 10, 2026 /PRNewswire/ — DQS has completed independent assessments of Samsung Display’s automotive cybersecurity management, resulting in ISO/SAE 21434 certification and an ENX Vehicle Cyber Security (VCS) label. The achievement provides automotive customers with independent evidence of the company’s processes for managing cybersecurity risks within the assessed scope.

The achievement was recognized at a ceremony at Samsung Display’s headquarters in Yongin, Republic of Korea. Ingo M. Rübenach, CEO of DQS Group, and Alex Chi, Global Transportation Division Head and Managing Director of DQS Korea LLC, attended alongside Yoo Kyung-Jin, Corporate Executive Vice President at Samsung Display.

“The transition to software-defined vehicles changes what automotive manufacturers expect from their suppliers. Cybersecurity has to be part of how an organization develops products, takes decisions and responds to new risks. Through these assessments, Samsung Display has demonstrated a structured approach to these responsibilities. I expect Samsung Display’s technological competitiveness, combined with its proven cybersecurity reliability, to meet the demands of global automakers and further strengthen its competitiveness in the next-generation mobility market,” says Ingo M. Rübenach.

Cybersecurity for automotive applications

Samsung Display is expanding its automotive OLED business. According to the company, it has established a cybersecurity management system for automotive products, with dedicated personnel and processes to monitor and address potential risks.

Yoo Kyung-Jin, Corporate Executive Vice President at Samsung Display, says: “In the era of software-defined vehicles (SDVs), cybersecurity is an important factor underpinning product competitiveness. We will solidify our leadership in the mobility display market by providing OLED products that meet the stringent security standards required by automotive manufacturers and consumers.”

Independent evidence for automotive customers

ISO/SAE 21434 defines engineering requirements for managing cybersecurity risks in the electrical and electronic systems of road vehicles. It addresses the product lifecycle, from development and production through operation, maintenance and decommissioning.

ENX VCS, an assessment scheme developed by the ENX Association, is based on ISO/SAE 21434 and evaluates suppliers’ vehicle cybersecurity management systems. Successful audit results form the basis for an ENX VCS label. Assessment results can be shared with authorized business partners through the ENX Portal, providing a common basis for evaluating suppliers’ cybersecurity management capabilities.

About Samsung Display

Samsung Display Co., Ltd. develops and manufactures OLED and QD-OLED display panels for smartphones, tablets, laptops, monitors, TVs, wearables and vehicles. The company was established in 2012 through the integration of Samsung’s display businesses and is headquartered in Yongin, Korea. It has around 54,000 employees and operates campuses in Korea, Vietnam, India and China.

DQS – Leveraging Quality, Driving Success.

DQS empowers organizations worldwide to build trust, drive innovation, and achieve sustainable growth by certifying the future of business. Founded in 1985, DQS has grown into a global leader in the assessment and certification of management systems, with a team of 3,000 highly qualified auditors delivering over 130,000 audit days per year. Through internationally recognized certifications across 200+ standards, DQS helps businesses manage risks, ensure compliance, and unlock new opportunities in an evolving regulatory and business landscape.

Thinking beyond compliance, DQS is a trusted partner for digitalization, automation, and sustainability leadership. The company’s expertise covers a wide range of areas, spanning from cybersecurity and AI governance to ESG compliance, supply chain management, medical device safety, and future mobility, delivering real value to industries in their pursuit of resilient, sustainable, and intelligent systems. By leveraging advanced auditing methodologies, predictive analytics, and real-time insights, DQS supports organizations to future-proof their operations while demonstrating their commitment to excellence and responsible business practices.

For more information, visit www.dqsglobal.com

Press contact:
Amsal Alihodzic
Director Marketing, Brand & Communications
DQS Holding GmbH
August-Schanz-Straße 21
60433 Frankfurt am Main
Tel.: +49 69 95427-270
E-Mail: amsal.alihodzic@dqs.de

View original content:https://www.prnewswire.co.uk/news-releases/dqs-certifies-samsung-displays-automotive-cybersecurity-management-302935297.html

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FirstDigital Expands Redundant Fiber Network to More Utah and Arizona Businesses

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43 minutes ago

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November 10, 2026

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DRAPER, Utah, Nov. 10, 2026 /PRNewswire/ — FirstDigital is connecting more businesses across Utah and Arizona to its fiber network, helping to build greater redundancy into their networks while supporting Wide Area Network (WAN) modernization for increasingly connected operations.

“Connectivity isn’t just an IT concern anymore,” says Alex Jackson, Chief Operating Officer at FirstDigital. “When the network goes down, phones stop ringing, payments stop processing, and employees stop working.”

A redundant fiber network is designed to reduce reliance on a single connection by providing an alternate route if that connection is disrupted. Depending on an organization’s needs and available infrastructure, FirstDigital builds this redundancy into its network with multiple routes to geographically diverse points of presence, so the failure of a single path or device doesn’t take its customers, or its customers’ customers, offline.

Organizations from auto care to banking now rely on FirstDigital to keep their systems running without interruption, with one VP of IT saying the partnership has given him the confidence to vacation beyond cell coverage without worrying if his company’s network is online.

“Our customers are treating resiliency as an operational decision, and we’re building our network to support that,” says Jackson.

Learn more here, or contact our media department to schedule an interview.

About FirstDigital
FirstDigital provides fiber internet, connectivity solutions, and telecommunication services for businesses and multifamily communities, combining enterprise technology with localized customer support and technical expertise. Learn more at FirstDigital.com.

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