Loop offers a globally integrated finance platform that simplifies cross-border payments, currency exchange, and treasury management for small and mid-sized businesses. The product is positioned to remove banking friction and high fees for merchants operating in multiple currencies. Loop serves thousands of Canadian businesses and targets SMBs that are underserved by large banks for international banking needs. The company launched in 2022 as an evolution of its original Lending Loop offering and broadened its product set beyond small-business lending. Loop says it will use new funding to bolster growth and accelerate development of a "global-by-default" financial services solution. The platform aims to give finance teams the tools previously accessible only to large enterprises so businesses can access new markets and simplify operations.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2024