Where is Loop Financial located?

Loop Financial is headquartered in Toronto, Canada. It is registered at Toronto, Ontario.

Who is the current CEO of Loop Financial?

Cato Pastoll of Loop Financial. They have also founded 1 company.

How many employees does Loop Financial have?

As of May 27, 2025, the latest employee count at Loop Financial is 49.

Is Loop Financial a funded company?

Loop Financial is a funded company, having raised a total of $11.7M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2022.

When was the latest funding round of Loop Financial?

Loop Financial's latest funding was a $***** Series A round on May 12, 2025, with participation from 0 investor. Its primary sector is Banking Tech. In Canada, the Banking Tech sector has seen $60.3M in funding in 2026 to date.

Where does Loop Financial rank among its competitors?

Loop Financial ranks 5th amongst 13 active competitors, of which 6 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Loop Financial, which secured $4.03M in May, 2025.

Who are the top competitors of Loop Financial?

Loop Financial's top competitors include Brex, Mercury and Relay. Among them, Loop Financial secured the most recent funding round in May, 2025.

Loop Financial - 2026 Company Profile, Team, Funding & Competitors

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 13 active competitors, including 6 funded and 2 that have exited. Its top competitors include companies like Brex, Mercury and Relay.

Company Details

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Website: www.bankonloop.com/en-ca
Registered Address: Toronto, Ontario

Key Metrics

Location

Toronto, Canada

Stage

Series A

Total Funding

$11.7M in 3 rounds

Latest Funding Round

Series A, May 12, 2025, $*****

Investors

Conconi Growth Partners & 7 more

Ranked

5^th among 13 active competitors

Employee Count

49 as on May 27, 2025

Similar Companies

OakNorth Bank & 105 more

View Loop Financial's full profile

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	-	-	-

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	8087039	Series A	6232267	8055469	1369607	5396448
Sep 17, 2024	4161259	Series A	2358836	9034548	4859293	8946261
2022	6089	Seed	2397	1988	3228	9760

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View details of Loop Financial's funding rounds and investors

The 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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Top competitors of Loop Financial include Brex, Mercury and Relay. Here is the list of Top 10 competitors of Loop Financial, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Brex 2017, Draper (United States), Acquired	Provider of financial software platform, cards, banking, expense, and accounting	$1.2B	DST Global, Greenoaks & 63 others	85/100
2nd	Mercury 2017, San Francisco (United States), Series C	Provider of business banking, cards, expense management, and payment solutions	$346M	Coatue, CRV & 54 others	83/100
3rd	Relay 2018, Toronto (Canada), Series B	Digital bank for businesses	$51.6M	Bain Capital Ventures, Better Ventures & 11 others	74/100
4th	NorthOne 2016, Toronto (Canada), Series B	Digital bank for businesses	$90.3M	FinTLV, Operator Stack & 20 others	57/100
5th	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	Conconi Growth Partners, Wedbush Ventures ... & 6 others	42/100
6th	Every 2017, Toronto (Canada), Acquired	Digital bank for businesses	$1.1M	Ramen Ventures, TribalScale & 7 others	41/100
7th	Vault 2021, Gatineau (Canada), Seed	Digital banking platform for businesses	$3.7M	Fin Capital, Gradient Ventures & 2 others	36/100
8th	Emerge 2023, Toronto (Canada), Unfunded	Provider of an online platform for SMB financing	-	-	30/100
9th	Pillar 2021, Montreal (Canada), Deadpooled	Accounting & financial management solutions for small businesses and freelancers	-	Global Founders Capital, Diagram Ventures ... & 1 others	29/100
10th	Jewel Bank 2019, Hamilton (Canada), Funding Raised	Digitally native bank for digital asset investors and market makers	-	Libra Capital	27/100