Loop
Cross-border banking and cards platform for Canadian businesses
At a glance
Founded 2015, as Lending Loop
Headquarters Toronto, Ontario
Operates in Canada, with cross-border access to the US, UK and EU
Ownership Private, VC-backed by Mistral Ventures, Luge Capital, Graphite Ventures and Wedbush Ventures
Funding range Credit limits up to $1,000,000, scaled to monthly sales
Repayment Revolving draw-based, with monthly interest from 1.2% on invoices and 1.5% on purchase order financing
Security Unsecured cards and credit lines; inventory-secured lines available
Industries Ecommerce and Amazon sellers, retail brands and manufacturers
Capital deployed $100M+ across 3,000+ businesses on the platform
Leadership Cato Pastoll (Co-Founder and CEO)
Website bankonloop.com
Top products
Best suited for Canadian businesses trading internationally who want cross-border banking and growth capital together. Note that Loop pivoted from peer-to-peer lending to banking in 2022, so lending is now a secondary product.
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About Loop
Loop is a Toronto-based fintech, co-founded by Cato Pastoll. It offers a cross-border business banking platform for Canadian businesses that transact internationally, including multi-currency accounts, corporate cards, foreign exchange, and payments. Card and account services are provided via partner banks.
Mission
Build Canada’s cross-border banking platform for growing businesses and entrepreneurs.
By the numbers
- Has helped Canadian businesses access more than $100M (company figure)
- Backed by investors including Graphite Ventures
Company history
Loop evolved from its origins as Lending Loop into a cross-border banking platform, broadening its focus as it grew. It is privately held.
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Levr is software for brokering business loans. This profile is provided as general reference and does not imply a partnership, affiliation, or endorsement between Levr.ai and Loop. Company details change; confirm anything important directly with the company. Last reviewed July 2026.