See other companies on Welcome to the Jungle

Vault

Banking for startups and SMBs

Vault logo
1-20 employees
  • Fintech
  • B2B
  • Banking
Downtown Toronto, Toronto, ON

Jump to section

Company mission

Bring simplicity to business banking.

Our take

Vault is a new Canadian entry to the business neobanking market. Their focus is on providing a simpler, faster, and more efficient online banking solution for entrepreneurs looking to launch and scale their SMBs. Features include no-fee transactions, global transfers in over 30 currencies, and clear visual breakdowns of account activity.

The company is backed by founders Saud Aziz and Ahmed Shafik. They both have strong experience in fintech from companies like Revolut and Koho, so are familiar with the market requirements for SMB fintech services.

Vault is part of a growing sector responding to the need for simple, efficient solutions that smaller businesses can use in place of traditional, more administratively cumbersome legacy banks. Accordingly, top neobanks are attracting substantial investor attention, and the global market itself is projected to surpass $333 billion by 2026. The market is correspondingly competitive, but Vault’s founders appear to have the experience - and seed funding - to take strong first steps.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Benefits

  • Healthy equity ownership
  • Coverage of medical, dental, and vision insurance
  • Unlimited vacation days (with a mandatory minimum, we really mean this)
  • OG company swag

Company values

  • No Ego – We check our egos at registration. We take pride in our work but we have the humility to seek diverse perspectives. We aren't afraid to be wrong, because we know that's how we get better. Work is funny sometimes. It’s good to laugh.
  • Never Settle – We never settle for what we’ve achieved. We can always go 10x from here. We believe that almost anything is possible. We are always in start-up mode, always building - it is always day 1. We re-define expectations, we disrupt industries, we reinvent - there are no limits, that is who we are.
  • Scrappy – Creative thinking and determination will outmatch unlimited resources. It doesn't matter what's in the way - we're ready to tackle it head on.
  • Achieve together – Teamwork is paramount. We value it for the benefit of our peers and for the company as a whole.

Leadership

Saud Aziz

(Co-Founder)

Studied Accounting and Finance at Ryerson University, and worked as an Analyst at OPTIMUS and Kingsdale Advisors. Was Revolut's Head of Strategy & Operations.

Ahmed Shafik

(Co-Founder)

Was a Management Consultant at PwC, and Product Manager at Revolut. Moved to sunday to serve as Senior Product Manager.