📝 Chexy raises $10.1M

Sponsored by

News of the Day

Toronto-based rewards and payments platform Chexy has secured $10.1 million in Series A funding, led by Silicon Valley powerhouse Khosla Ventures, to transform itself from a rent-rewards tool into a comprehensive financial hub for Canadian households and small businesses. Since its 2023 launch, the startup has grown its annualized payment volume to over $1 billion by allowing tenants to earn credit card rewards and Aeroplan points on rent, a figure expected to double by next month. CEO Liza Akhvledziani Carew noted that the new capital—supported by returning investors like Air Canada and Venrex—will be used to scale the team in downtown Toronto and to lean into an unexpected surge in demand from small- to medium-sized businesses using the platform for payroll and taxes. Despite the high-profile backing from the same firm that funded OpenAI and Stripe, Chexy remains Canadian-controlled and focused exclusively on the domestic market, eschewing the common pressure to relocate to the United States.

If you have tweets you want to submit to be featured here (from you or someone you like), reply to this email with a link!

Chart of the Day