When was Vault founded?

Vault was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Where is Vault located?

Vault is headquartered in Gatineau, Canada.

How many employees does Vault have?

As of Jul 01, 2024, the latest employee count at Vault is 5.

Is Vault a funded company?

Vault is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on May 16, 2023.

When was the latest funding round of Vault?

Vault's latest funding was a $***** Seed round on May 16, 2023, with participation from 3 investors.

Where does Vault rank among its competitors?

Vault ranks 7th amongst 22 active competitors, of which 6 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Relay, which secured $50M in May, 2026.

Who are the top competitors of Vault?

Vault's top competitors include Brex, Mercury and Relay. Among them, Relay secured the most recent funding round in May, 2026.

Vault - 2026 Company Profile, Team, Funding & Competitors

Vault is a seed company based in Gatineau (Canada), founded in 2021 by Saud Aziz and Ahmed Shafik. It operates as a Digital banking platform for businesses. Vault has raised $3.7M in funding from Gradient Ventures and Fin Capital. The company has 22 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like Brex, Mercury and Relay.

Company Details

Digital banking platform for businesses. It offers financial solutions for business accounts, money transfers, corporate cards, business loans, investments, and more. It also offers solutions for accounting automation, payment management, and expense management for businesses.

Website: tryvault.com
Social
Email ID: *****@tryvault.com

Key Metrics

Founded Year

2021

Location

Gatineau, Canada

Stage

Seed

Total Funding

$3.7M in 1 round

Latest Funding Round

Seed, May 16, 2023, $*****

Investors

Gradient Ventures & 3 more

Ranked

7^th among 22 active competitors

Employee Count

5 as on Jul 01, 2024

Similar Companies

Brex & 227 more

View Vault's full profile

Vault has raised a total funding of $3.7M over 1 round. Its latest funding round was a Seed round on May 16, 2023 for $*****. 3 investors participated in its latest round. Vault has 4 institutional investors.

Here is the list of recent funding rounds of Vault:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 16, 2023	6974090	Seed	4899035	1699356	2065649	1436225

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View details of Vault's funding rounds and investors

The founders of Vault are Saud Aziz and Ahmed Shafik.

Here are the details of Vault's key team members:

Saud Aziz: Co-Founder of Vault.
Ahmed Shafik: Co-Founder of Vault.

Vault's Board of Directors

Vault's board has 1 active member. Dan Ahrens is independent board member.

Here is the list of Vault's board of directors:

Name	Type	Representing	Status	Duration
Dan Ahrens	Independent board member	-	Current	1y 5m

View details of Vault's Founder profiles and Board Members

Vault's employee count trend

Vault has 5 employees as of Jul 24. Here is Vault's employee count trend over the years:

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Top competitors of Vault include Brex, Mercury and Relay. Here is the list of Top 10 competitors of Vault, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Brex 2017, Draper (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 63 others	85/100
2nd	Mercury 2017, San Francisco (United States), Series C	Provider of business banking, cards, expense management, and payment solutions	$346M	Sequoia Capital, Coatue & 54 others	83/100
3rd	Relay 2018, Toronto (Canada), Series C	Digital bank for businesses	$102M	Bain Capital Ventures, General Catalyst & 12 others	75/100
4th	NorthOne 2016, Toronto (Canada), Series B	Digital bank for businesses	$90.3M	FinTLV, Operator Stack & 20 others	57/100
5th	Loop Financial Toronto (Canada), Series A	Provider of multi-currency business banking solutions. It offers corporate credit cards, international payment processing, and access to local accounts in multiple currencies. The platform aims to streamline cross-border transactions, eliminating fees and simplifying financial management for businesses operating internationally. Services include expense management tools and capital access options. The platform is designed to reduce the complexities and costs associated with global banking for businesses.	$11.7M	Conconi Growth Partners, Wedbush Ventures ... & 6 others	42/100
6th	Every 2017, Toronto (Canada), Acquired	Digital bank for businesses	$1.1M	Ramen Ventures, TribalScale & 7 others	41/100
7th	Vault 2021, Gatineau (Canada), Seed	Digital banking platform for businesses	$3.7M	Gradient Ventures, Thirdbase Capital & 2 others	35/100
8th	Emerge 2023, Toronto (Canada), Unfunded	Provider of an online platform for SMB financing	-	-	30/100
9th	Pillar 2021, Montreal (Canada), Deadpooled	Accounting & financial management solutions for small businesses and freelancers	-	Global Founders Capital, Diagram Ventures ... & 1 others	29/100
10th	Jewel Bank 2019, Hamilton (Canada), Funding Raised	Digitally native bank for digital asset investors and market makers	-	Libra Capital	27/100