L

Loop

Global business banking platform for SMEs

Business Operations

Full-TimeUpdated on 10/21/2026
CA$60k - CA$80k/yr+ 0.01–0.05% equity
Junior, Mid
Toronto, ON, Canada
In PersonOnsite at the downtown Toronto office.
Business & StrategyBusiness Operations

About the job

Requirements
  • 1–3 years of experience in operations, finance, consulting, or a high-growth startup environment.
  • Proficiency with SQL and advanced financial modeling using Excel or Google Sheets.
  • Ability to understand legal documents and comfort with, or willingness to learn, commercial negotiations.
  • Strong written and verbal communication skills, including crafting pitch-deck narratives and clear partner emails.
  • A proactive, execution-oriented approach and comfort handling varied responsibilities.
  • Comfort with Notion, Slack, and G Suite, and interest in building prototypes or testing internal tools.
  • Comfort working in a fast-paced, in-person startup environment in Toronto.
Responsibilities
  • Partner with the Chief of Staff to execute key business operations initiatives across departments.
  • Prepare investor-relations materials, participate in investor pitches, and build financial models to support company growth.
  • Bridge business and product teams by building prototypes, automating workflows, and using SQL to extract data insights.
  • Support commercial and legal work by reviewing legal documents, conducting due diligence, and negotiating commercial terms with partners and vendors.
  • Coordinate work across teams to keep projects on track and focused on priorities, and help unblock teams.
  • Maintain office operations and coordinate marketing campaigns or social content as needed.
Desired Qualifications
  • Experience in FinTech or high-growth technology.
  • Experience in investment banking, venture capital, or management consulting.
  • Experience working with small, agile teams and building processes from scratch.

About the company

L

Loop

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Website

Loop provides a fintech platform that offers global banking tools for Canadian entrepreneurs and SMBs. It works through an online platform that includes a no-fee multi-currency corporate credit card with a low FX markup, international payment solutions, and the ability to issue and split funds across multiple cards, plus financing for large purchase orders, all with a transparent pricing structure and a free plan. It differentiates itself from traditional banks with predictable pricing, cheaper cross-border transactions, and a one-stop set of banking tools that save time and money. Its goal is to help businesses save money, save time, and expand operations globally by making global banking and payments accessible.

Company Size

11-50

Company Stage

Seed

Total Funding

$4.7M

Headquarters

Toronto, Canada

Founded

2020

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Simplify Jobs

Simplify's Take

What believers are saying

  • Loop added direct bank data APIs on February 24, 2026 at no extra cost.
  • Loop's September 2026 blog says it now transforms into a unified global treasury platform.
  • Merchant Growth partnership offers up to $800,000 in unsecured capital for SMB customers.

What critics are saying

  • Loop depends on Equitable Bank and other banking partners for core money movement.
  • Mercury, Float, and traditional banks attack the same SMB treasury workflow in Canada.
  • Canada's open-banking delay keeps Loop exposed to partner-driven access changes through 2027.

What makes Loop unique

  • February 2026 API feeds replace screen scraping for QuickBooks, Xero, and Wave.
  • Loop's March 2026 Wave partnership unifies banking, accounting, and FX workflows.
  • September 2026 mobile app adds AI spending insights and 26-currency SWIFT receipt.

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Benefits

  • Health Insurance
  • Paid Vacation
  • Company Equity

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

5%

2 year growth

0%
NCFA Canada
Feb 24th, 2026
Canada's Open Banking Infrastructure Advances Before Policy

Canada's open banking infrastructure advances before policy. February 24 2026 | NCFA Market Activity Loop launches direct bank data APIs for Canadian businesses. On February 24 2026, Toronto fintech Loop Financial announced it has introduced direct banking connectivity for business financial data, allowing SMEs to access account data through secure APIs instead of credential based screen scraping. The announcement targets a persistent operational challenge for finance teams. Screen scraping connections often fail when bank interfaces change, forcing repeated authentication and delaying reconciliation. API based connectivity replaces that process with permissioned data exchange designed to improve connection stability and data accuracy across accounting systems. What the product actually changes. Loop's API layer integrates with accounting platforms including QuickBooks, Xero, and Wave, enabling transaction data to sync automatically without manual refresh cycles. Businesses operating across multiple financial institutions can gain more consistent visibility into cash positions and reporting workflows. The approach mirrors global infrastructure trends where tokenized access replaces credential sharing for financial data connectivity. The company positions the infrastructure as a foundation for automation across bookkeeping, reporting, and financial operations. Reliable data flows support real time financial insights and reduce manual intervention in reconciliation processes. Cato Pastoll, CEO of Loop: "Financial data is the lifeblood of any growing company, yet for too long, Canadian founders have been forced to rely on technology that belongs in the early 2000s. When a bank feed breaks, it doesn't just create an error message; it halts month-end closes, creates blind spots in cash flow analysis, and forces finance teams to waste hours on manual data entry. We built this direct infrastructure because our customers deserve a financial operating system that works as hard as they do-without interruption." Positioning within Canada's open banking transition. Canada's consumer driven banking framework remains in development, yet fintech infrastructure providers continue building capabilities aligned with expected data sharing models. Direct APIs reflect the architecture typically associated with secure data portability environments, including consent based access and standardized transmission methods. Loop's rollout highlights how market readiness can evolve ahead of regulatory implementation. Once formal frameworks are introduced, businesses already using API based connectivity may face fewer integration barriers. Loop has expanded over recent years raising $6.4M CAD to build a global SMB finance platform, supporting cross border payments, FX management, and treasury tooling. The addition of direct data connectivity extends that platform strategy into financial data infrastructure. For Canadian fintechs serving SMEs, data reliability remains a practical differentiator. Automated accounting workflows, embedded finance features, and financial decision tools all depend on stable connectivity between banks and software platforms. Talking point. Will early API infrastructure deployment by fintech providers accelerate adoption of consumer driven banking in Canada? Foundational changes are taking place within Canada's fintech stack, after years of stagnation. Direct connectivity reduces operational friction today while aligning with future consumer driven banking expectations. Infrastructure improvements might appear incremental, but they influence how quickly financial innovation reaches everyday business users. The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org | / | / | / | | support NCFA by following NCFA Canada on twitter! |.

Associated Press
Feb 24th, 2026
Loop launches Canada's first direct API banking integration for QuickBooks, Xero, and Wave

Loop, a Canadian business banking platform, has launched direct API connectivity for QuickBooks Online, Xero and Wave, becoming the first business banking provider in Canada to build dedicated infrastructure for these accounting platforms. The integration replaces legacy "screen scraping" technology, which frequently breaks when banking interfaces change. The new system provides zero downtime, enhanced security through tokenised authentication, cleaner data and multi-currency support. Loop CEO Cato Pastoll said the move addresses long-standing issues where broken bank feeds halt month-end closes and force manual data entry. The direct API integrations are available immediately to all Loop customers at no additional cost. Loop, backed by Luge Capital and Mistral Venture Partners, combines multi-currency corporate cards, global accounts and foreign exchange management.

Mantle
Dec 1st, 2025
Mantle Partners with Loop to Reward Startups with Cash Back

Mantle partners with Loop to reward startups with cash back. Withmantle has exciting news that will put cash back in your pocket: Mantle is partnering with Loop to bring exclusive rewards to Canadian founders. The offer: use your Loop Card for Mantle, get $120 back*. Here's the deal. Between December 1, 2025 and December 31, 2026, when you sign up and use your Loop Card to pay for your annual Mantle subscription ($1,200+), you'll get a $120 credit on your Loop statement. That's 10% back just for using tools you'd already be using to run your business smarter. Built for founders, by founders. If you're building a company, you know the drill: managing equity grants and vesting schedules, tracking every dollar of spending, keeping your cap table accurate and investor-ready, and somehow finding time to actually grow the business and ship product. The administrative burden alone can feel like a full-time job. That's exactly why this partnership makes sense. Both Mantle and Loop were created by founders who lived through these exact pain points. Loop is a Mantle customer itself, and Withmantle believe in supporting its community by connecting founders with tools that solve real problems. When Withmantle see companies building infrastructure that eliminates friction and saves founders time and money, Withmantle want to make those connections happen. This partnership is about two purpose-built tools designed to work together seamlessly, giving you back time and money to focus on what moves your business forward. If you're a Mantle customer with a product or service that could benefit the founder community, Withmantle'd love to hear from you. Reach out to its team at [email protected] to explore partnership opportunities. What is Loop? Loop is a modern global banking platform built for Canadian founders who run businesses that reach across borders. Instead of relying on legacy banking built for domestic needs, Loop gives you real multi-currency bank accounts, local payment access in major markets, a true multi-currency corporate card, leading FX rates, and smart spend controls within a single platform. What that means in practice: you can open and manage CAD, USD, GBP and EUR accounts with local details, move money internationally without added costs, pay global teams and suppliers with confidence, and streamline company spending with simple tools your team will actually use. It is global-ready financial infrastructure for Canadian businesses that are global by default. Ready to get started? If you're already using Mantle, head over to Loop to sign up and activate your Loop Card offer. Setup takes a few minutes, and you'll immediately get access to Loop's global banking and card services platform, along with this exclusive offer. Not on Mantle yet? Now's the perfect time to see why startup founders trust Withmantle with their equity management. From your first employee grant to Series B and beyond, Mantle gives you the tools and confidence to manage equity like a pro. Create your account here and experience the Mantle difference. Using neither platform? You're in luck. This is the perfect opportunity to upgrade both your equity and spend management infrastructure while earning rewards for doing so. Here's to smarter spending, cleaner cap tables, and more rewards along the way. *Terms & Conditions apply: Offer valid from December 1, 2025 to December 31, 2026. US$120 statement credit will be applied to qualifying Loop accounts after the spending threshold (US$1,200+) is met. Limit one offer per company. Signing up to Loop is subject to Loop's standard account opening criteria and processes, and is not guaranteed. Additional Loop terms and conditions apply. Share this:

PYMNTS
Dec 19th, 2024
Small Businesses Captured Outsized Gains From 2024’S Payments Innovations

Payments innovations impacted small- to medium-sized businesses (SMBs) in 2024. For years, SMBs lagged behind larger enterprises in adopting digital payment solutions, hindered by limited budgets, resources and expertise. To this day, many SMBs are operating in a hybrid payment environment, balancing legacy systems with incremental adoption of new technologies. This slow but steady evolution has opened an opportunity for payment providers to deliver solutions that address key pain points: cost, complexity and scalability

PYMNTS
Dec 12th, 2024
This Week In B2B: Financial Infrastructure Innovation Gets Its Due

B2B payments are no longer just about moving money — they’re about unlocking new financial infrastructure possibilities for businesses worldwide. Today’s innovations in financial infrastructure are transforming how businesses operate, compete and grow. From embedded finance to real-time treasury technology, companies must prioritize adaptability and simplicity to thrive in today’s B2B landscape. Businesses are increasingly finding that outdated finance and payments systems, once tolerated as a necessary burden, are no longer sufficient. Instead, they are turning to advanced tools and technologies that promise to eliminate inefficiencies, reduce costs and enhance their ability to adapt to market changes