Loop Financial - About the company
Loop Financial is a series A company based in Toronto (Canada), founded by Cato Pastoll. It operates as 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.. Loop Financial has raised $11.7M in funding from investors like Conconi Growth Partners, Luge Capital and Wedbush Ventures. The company has 35 active competitors, including 5 funded and 5 that have exited. Its top competitors include companies like Mercury, Brex and Relay.
Key Metrics
Location
Toronto, Canada
Stage
Series A
Total Funding
$11.7M in 3 rounds
Latest Funding Round
Investors
Ranked
6th among 35 active competitors
Employee Count
49 as on May 27, 2025
Similar Companies
Legal entities associated with Loop Financial
Loop Financial is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
LOOP FINANCIAL INC. CIN: 1975492 , Canada, Active | May 01, 2017 | - | - | - |
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Loop Financial's funding and investors
Loop Financial has raised a total funding of $11.7M over 3 rounds. Its first funding round was on 2022. Loop Financial has 8 institutional investors.
Here is the list of recent funding rounds of Loop Financial:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 12, 2025 | 8503597 | Series A | 9663303 | 7609702 | 7875682 | 9458846 |
Sep 17, 2024 | 5693660 | Series A | 8822297 | 5021978 | 9417509 | 9187144 |
2022 | 7753 | Seed | 7375 | 1398 | 4968 | 7893 |
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Loop Financial's founders and board of directors
Founder? Claim ProfileThe founders of Loop Financial is Cato Pastoll. Cato Pastoll is the CEO of Loop Financial.
Here are the details of Loop Financial's key team members:
- Cato Pastoll: Co-Founder & CEO of Loop Financial and founder of 1 other company. Contact Info: 1 email address
View details of Loop Financial's Founder profiles and Board Members
Loop Financial's employee count trend
Loop Financial has 49 employees as of May 25. Here is Loop Financial's employee count trend over the years:
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Loop Financial's Competitors and alternates
Top competitors of Loop Financial include Mercury, Brex and Relay. Here is the list of Top 10 competitors of Loop Financial, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Mercury 2017, San Francisco (United States), Series D | Provider of a comprehensive online platform offering a range of financial services | $546M | 83/100 | |
2nd | Brex 2017, San Francisco (United States), Acquired | Provider of financial software platform, cards, banking, expense, and accounting | $1.2B | 81/100 | |
3rd | Digital business banking platform that helps small businesses manage cash flow with multi-account structures | $102M | 72/100 | ||
4th | Digital bank for businesses | $90.3M | 63/100 | ||
5th | A direct bank that provides banking services through cafes | - | 59/100 | ||
6th |  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 | 42/100 | |
7th | Digital bank for businesses | $1.1M | 41/100 | ||
8th | Digital banking platform for businesses | $3.7M | 35/100 | ||
9th | Alternative savings platform for individuals | - | - | 33/100 | |
10th |  Jewel Bank 2019, Hamilton (Canada), Funding Raised | Digitally native bank for digital asset investors and market makers | - | 31/100 |
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Loop Financial's Investments and acquisitions
Loop Financial has made no investments or acquisitions yet.
Reports related to Loop Financial
Here is the latest report on Loop Financial's sector:
News related to Loop Financial
•
Loop Launches Canada’s First Multi-Currency Credit Card for SMEsFinancial Post•Dec 11, 2024•Loop Financial
•
Loop Raises $4.7 Million for Small Business Money Movement ServicePYMNTS.com•Sep 17, 2024•Loop Financial, Luge Capital, Graphite Ventures, Conconi Growth Partners and 3 others
•
Wynnchurch Capital-backed EMS acquires Aluminum Products WholesalePE Hub•Sep 17, 2024•Loop Financial
•
Merchant Growth Announces Strategic Partnership With Loop, Acquires Small Business Loan Rights From Lending LoopCNW•Jun 13, 2023•Merchant Growth, Loop, Loop Financial
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