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Venn Unveils 2% Interest on All CAD and USD Account Balances

TORONTO--(BUSINESS WIRE)--Venn is putting Canadian businesses first by launching 2% interest on all balances held in CAD and USD accounts, with no minimums or caps.

"In an era where every dollar counts, we’re enabling Canadian businesses to maximize their earnings effortlessly while keeping their funds fully accessible.”

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This update gives businesses a simple way to grow funds while managing daily operations, available to all current and new customers starting today.

With over 5,000 businesses already benefiting from Venn’s all-in-one platform, this new feature strengthens Venn’s commitment to simplifying business banking and providing smarter, more accessible financial solutions.

“We're helping Canadian businesses compete globally,” said Ahmed Shafik, Co-founder of Venn. “Traditional banks have placed businesses at a disadvantage with high fees, no rewards and no interest on everyday business funds. Venn is here to level the playing field.”

This release follows a chain of recent large product launches aimed to support Canadian SMBs, such as Venn Incorporation, which lets Ontario entrepreneurs incorporate their company and open a business banking account in minutes. Last quarter alone, Venn has shipped Apple and Google Pay support, AI-powered receipt matching, and enhanced team spending controls.

The 2% interest feature fits into that momentum. It's one of several recent launches showcasing why Venn has become the darling modern banking platform so many Canadian businesses are relying on: They are building a complete platform that handles end-to-end financial operations while helping businesses grow.

“As founders, we’ve always believed that businesses deserve a banking platform that works for them,” added Shafik. “This new feature is another way we’re making business banking simpler and more rewarding for companies across Canada.”

Venn has earned the trust of businesses across Canada, with 5,000+ businesses benefiting from its innovation and reliable platform.

For more information, read their blog post or follow them on LinkedIn.

About Venn:

Venn is a Canadian fintech platform offering an all-in-one business banking trusted by 5,000+ Canadian businesses. With a mission to provide businesses with the tools to grow, Venn offers multi-currency accounts, corporate cards, expense management, automated accounting and more.

Contacts

Media inquiries: media@venn.ca

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Venn

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Contacts

Media inquiries: media@venn.ca

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