-70%

est. 2Y upside i

FinTechSeries A

Venn (fkn Vault) is streamlining Canadian business banking. Built by Canadians for Canadians, Venn offers a full-service banking platform designed to empower businesses with fast, easy, and affordable solutions. In just under five minutes, you can open an account and start managing your finances - all without ever stepping foot in a branch.

Rank

#1599

Sector

Fintech

Est. Liquidity

~5Y

Data Quality

Data: Medium

Venn presents a risky equity opportunity with moderate expected upside.

Last updated: March 10, 2026

Bull (25%)+300%

Venn successfully expands its all-in-one platform, leveraging its CDIC protection, 2% interest on balances, and integrated features to capture significant market share from both traditional banks and other fintechs like Float and Loop. It moves upmarket beyond SMBs, achieving $150M+ ARR by 2028 and justifying a $400M+ valuation (4x current) at a healthy multiple, leading to a strong acquisition or a successful Series B/C at a much higher valuation.

Base (30%)+75%

Venn continues its strong growth within the Canadian SMB market, fending off competition from other fintechs and slowly chipping away at traditional bank market share. It reaches $70M ARR by 2028, leading to an acquisition or next funding round at a $175M valuation (1.75x current), providing moderate returns for common shareholders.

Bear (45%)-80%

Intense competition from well-funded incumbents (Big Six banks improving digital offerings) and other fintechs (Float, Loop) limits Venn's growth and pricing power. Regulatory hurdles or a challenging economic environment for SMBs also slow adoption. Growth stalls, and the company struggles to raise its next round, leading to a down round or a low-value acquisition at $20M (0.2x current), where common shareholders see minimal to no returns due to $26.5M in liquidation preferences.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Investors hold $26.5M in liquidation preferences. In an exit at the current estimated $100M valuation, common shareholders would receive ($100M - $26.5M) / total common shares.

Dilution Risk

high

As a Series A company, significant dilution is expected from subsequent funding rounds (Series B, C, etc.) over the next 2-5 years.

Secondary Liquidity

none

Given its Series A stage, there is currently no active secondary market or tender offers for Venn's equity.

Engineering — 3 roles

Product — 3 roles

Operations — 2 roles

Growth — 1 role

Marketing — 1 role

Sales — 1 role

View all 11 open roles at Venn →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Venn's data — designed to show you've done your homework.

  • 1

    “Given the strong competitive landscape with both traditional banks and other fintechs like Float and Loop, how does Venn plan to sustain its rapid growth and differentiate its offering over the next 2-3 years?”

  • 2

    “With over 5,000 businesses onboarded since launching in 2023, what are the key metrics (e.g., ARR per customer, retention rates, LTV/CAC) that the company is most focused on to demonstrate continued scalability and unit economics to future investors?”

  • 3

    “As a Series A company, what is the anticipated timeline for future funding rounds, and how is the company thinking about managing potential dilution for early employees, particularly regarding secondary liquidity options?”

Community

Valuation Sentiment

Our model estimates -70% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.