Loop Financial

Loop Financial

Financial Services

Toronto, Ontario 3,314 followers

Businesses across Canada bank on Loop to save time and money with global credit cards, accounts and more.

About us

Loop is a cross-border banking platform for Canadian-based businesses operating across Canada, the United States and around the world. Loop's consolidated multi-currency banking platform helps businesses save time and eliminate FX losses. Loop offers tailor made products including CAD/USD corporate cards, interest-free spending, corporate level purchasing power, no-fee global payments, accessible growth capital and real US dollar accounts to help online businesses grow. The Loop US Dollar Business Accounts are provided and issued by Lewis & Clark Bank, Member FDIC. Funds deposited into US Dollar Business Accounts may be eligible for up to $250,000 of FDIC insurance. The FDIC’s deposit insurance coverage only protects against the failure of a FDIC-insured depository institution.

Industry
Financial Services
Company size
11-50 employees
Headquarters
Toronto, Ontario
Type
Privately Held
Founded
2020
Specialties
online retail, funding, financing, ecommerce stores, ecommerce, credit, and inventory

Products

Locations

  • Primary

    410 Adelaide St W

    5th Floor

    Toronto, Ontario M5V1S8, CA

    Get directions

Employees at Loop Financial

Updates

  • View organization page for Loop Financial, graphic

    3,314 followers

    Did you catch Cato Pastoll on CP24 this week? Cato joined CP24 to discuss the impacts of new tariffs and their impact on Canada's SMBs. The conversation highlighted critical challenges our SMBs face in today's evolving economic environment. For business owners navigating these changes, understanding the implications is key to staying competitive. Comment below if you want the recording 👇

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  • View organization page for Loop Financial, graphic

    3,314 followers

    No Days Wasted + No Dollars Wasted with Loop 🫶 Save with Loop in 2025, sign up here: https://lnkd.in/ggUAU9TZ

    View profile for Nishal Kumar, graphic

    CEO @ No Days Wasted®| BC Business 30 under 30 | Dragons' Den Alumnus

    If you're a Canadian brand spending $$ in other currencies, you're going to want to check this out... We started using Loop Financial for our USD and international currency spending and have saved over $4,000 in currency exchange and additional fees this year! They have virtual and physical credit cards that all of your team members can use, and they sync effortlessly with QuickBooks, or your accounting platform. Highly recommend Loop if you're a Canadian business spending internationally. You know what they say - "a penny saved is a penny earned". #brand #exchangerate #loop #canada #finance #founder

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  • View organization page for Loop Financial, graphic

    3,314 followers

    Cato Joined Andrew on BNN Bloomberg last week to discuss the challenges Canadian businesses face when expanding globally and how more competitive banking options can have significant impact. Tune in at the link below to hear Cato discuss the regulatory overhaul and banking innovation we need to alleviate pressures on our small business sector. "Canadian businesses are ready to compete. Now we need the financial infrastructure to match our ambition." View here: https://lnkd.in/gNp88ecH

    - BNN Bloomberg

    - BNN Bloomberg

    bnnbloomberg.ca

  • View organization page for Loop Financial, graphic

    3,314 followers

    Wise is no longer an option for your business to be receiving or sending ACH payments. Luckily, there's a better alternative. Loop enables direct access to the American banking system that's registered to your Canadian business. You can send and receive unlimited ACH payments, get an account and routing number and set up automated billing. We're ready to get you set up within 1 day. Email us directly at support@bankonloop.com. If you need to get set up urgently - we've set up a hotline to open a US bank account. Call us at 647-598-2507 to get set up ASAP.

    View profile for Chad Davis, graphic

    Co-founder at LiveCA LLP & AutomationTown.io

    Some bad news for Canadians wanting to use Wise for new USD domiciled bank accounts...

  • View organization page for Loop Financial, graphic

    3,314 followers

    We have 300+ signups for this webinar recording! The team has also been following up with every single account that registers for the webinar to get feedback and answer any questions. The reactions have been great! If you'd like this extra resource on expanding to the US, register using the link below. Play it in the car like a podcast while you're stuck on the 401 or while you're on hold with your bank. Get the recording here: https://lnkd.in/g-q7PWr7

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  • View organization page for Loop Financial, graphic

    3,314 followers

    Exciting weekend at the CHFA Now Show! First, huge congratulations to the team at the Canadian Health Food Association for a great and meaningful event. Our team spent two full days connecting with clients and discovering new brands. We gained valuable insights into the challenges Canada's CPG brands are facing and how Loop can accelerate their growth. Looking forward to putting these learnings into action and supporting our customers in the always changing retail landscape. See you next year! P.S - who's going to be at CHFA Vancouver 2025 👀

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      +2
  • View organization page for Loop Financial, graphic

    3,314 followers

    We've successfully secured our second round of funding since our 2022 debut! This raise reinforces our drive to simplify and cut costs in global financial management for companies of every size. 🌍💼 For too long, we've seen a divide in Canada's commercial banking space. Large corporations enjoyed access to cutting-edge tools to manage global financial operations. Meanwhile, small businesses faced a maze of obstacles, steep fees, and complex procedures. 🏦🔒 At Loop, we're shaking things up. We're determined to make financial tools more accessible. We're creating a world where any business, from startups to established firms, can effortlessly handle their finances and grow across borders. 🌱🌐 We can't wait to use this momentum to keep breaking down barriers and paving the way for businesses to thrive globally. Read Cato's update in our blog here: https://lnkd.in/e-n-dZg8

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  • View organization page for Loop Financial, graphic

    3,314 followers

    Canada's largest gathering of natural food and beverage brands is taking place this weekend with the Canadian Health Food Association. Obviously the Loop team will be there. 🙌 Drop by our booth #2041 to chat, get some treats and enter our giveaway! We will be selecting 3 brands to win a billboard placement in 2025. If you want to promote your brand in the new year with something exciting - enter our giveaway. Terms apply.

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