Venn Launches Free Incorporation to Help Build Next Generation of Canadian Entrepreneurs

TORONTO--(BUSINESS WIRE)--Canada’s economy thrives on entrepreneurs and small businesses. Yet the path from idea to incorporated business has been slow, confusing, and costly. That’s why Venn, the all-in-one financial platform built for Canadian businesses, is stepping in.

Today, Venn announced the launch of its new incorporation product. The new offering enables business owners to incorporate their company federally or provincially in Ontario in just minutes, while simultaneously applying for a Venn business account.

Incorporating a business traditionally requires multiple steps, from name searches and filings to setting up banking. Venn consolidates all of these into one seamless application, ensuring entrepreneurs can launch with the right legal and financial foundation from day one.

Direct government incorporation can cost up to $300. Venn not only eliminates extra service fees but also lowers the barrier for entrepreneurs by providing up to $350 to customers who fund their Venn business account within 30 days of account opening. This not only makes incorporation free but also gives entrepreneurs some money back to invest into their new business.

"From coast to coast we've heard rallying cries for more Canadian entrepreneurs," said Ahmed Shafik, Co-founder at Venn. "We're excited to be stepping up and helping to build the next generation of entrepreneurs."

The new product is designed for entrepreneurs and small business owners across Ontario seeking to incorporate federally or provincially. For more information or to start an application, visit the Venn site.

About Venn

Venn is transforming the financial landscape for Canadian businesses by providing them with a digital banking platform to manage their finances and save on high banking fees. With tools for banking, and now incorporation, Venn simplifies operations so founders can focus on building.