Smart corporate cards powered by credit

Supercharge your spending power with credit and powerful controls built for global companies.

Demo
Open Account

Why finance teams choose Loop over prepaid and charge cards

Transactions and savings on FX fees

Save 6% of your revenue

Loop helps you eliminate between 2-6% in fees on cross-border purchases.

Digital and Physical Loop Cards

Fuel your business with actual credit

Grow faster with credit limits based on your business performance. No personal credit checks.

Loop card icon with arrow

Get no-fee cross border banking

Open local accounts to send & receive payments in the US, EU and UK with no fees.

background colourful blurred gradientsbackground colourful blurred gradients
Get credit without personal credit checks

Up to a $1M credit limits for your business

With Loop, get capital that actually scales with your business. We assign limits based on business performance.
Open Account
background colourful blurred gradientsbackground colourful blurred gradients
Get the accounts you need

Escape FX fees with cards built for cross-border

Spend in multiple currencies with no FX fees and get no fee business bank accounts in the US, UK and EU.
Open Account
Shows US dollars moving from Shopify to Loop and then Loop to ABC supplier. The illustration demonstrates how revenue and expenses stay in US dollars when using Loop

Don’t just take our word for it

Hear from visionary startups and leading brands who use Loop to build thriving businesses.

The Loop US bank account is completely life changing for our business. In our first year using Loop, we will benefit from about $50k in gains straight to our bottom line. So a really big thank you for coming out with this product.

Image of the customer who provided a testimonial
Jordan Kendal
CEO, Sheet Happens

Our business was looking for working capital when we discovered Loop. Getting the capital we needed was simple, fast and a big game changer for us. We've seen immediate results and continue to partner with Loop.

Image of the customer who provided a testimonial
Ben Kelly
CEO, Pure Muskoka
twitter logo

If you're a Canadian ecommerce merchant, you should get a Loop card. They have fixed all our cash flow issues, FX costs and issues with paying suppliers around the world. Saving us lots of money and headaches. Plus their team is great!

Image of the customer who provided a testimonial
Dante Timpano
CEO, DT Ecom
Payment being approved
Get transparent pricing, without fine print

Pricing & Rewards that are honest

Get transparent FX rates and honest pricing with no fine print, confusing structures and never any surprises.
See pricing

Grow faster when banking with Loop

Save 5% of your revenue on fees, get local accounts, multi-currency credit cards and more.
Trusted by leading global brands
background colourful blurred gradients

Frequently Asked Questions

What do you mean by “spend in other currencies with no FX”?

Loop offers multi-currency cards that are not locked into just spending with one currency. You can spend in CAD, USD, EUR and GBP with your Loop card, without incurring FX fees on your purchases. Your balances owing are displayed per currency, and can be settled per currency as well. Because your Loop Card allows you to pay back in the currency you spent in, you won’t have to perform any unwanted currency conversions.


How do I pay my balance back in foreign currencies?

You will be able to see multiple balances outstanding on your Loop dashboard (one for each currency). If you have Canadian-based foreign currency accounts (eg. a USD at a Canadian bank), you can then transfer against the outstanding balance of each currency directly from your bank account to your Loop Card balance at the end of your billing period.


What if I don't have a USD, EUR, or GBP currency account or enough money in it to pay back the balance I owe?

If you only have a CAD bank account, you can still make purchases in foreign currencies without the card converting it to CAD. At the end of your billing period, you can then decide to convert money from your CAD account into the currencies you owe. If you need to do this, Loop offers global FX conversion with a 0.5% mark-up. This is significantly less than a bank, which charges a 3-4% markup on average and it’s even better than online FX service providers like Transferwise and OFX.


What are the FX fees?

We have eliminated as many fees as possible to keep things as simple as possible for you. Card transactions that match any of the currencies enabled on your card don’t result in any FX and therefore are completely free. If you spend in a currency that is not enabled on your Loop card the FX fee will be the Mastercard® rate plus a 0.1% - 0.5% markup depending on your Loop subscription plan.

If you only have a CAD bank account, you can still make purchases in foreign currencies without the card converting it to CAD. At the end of your billing period, you can decide to convert money from your CAD account into the currencies you owe. If you need to do this, Loop offers low-cost FX conversion with only a 0.1% - 0.5% mark-up (depending on your Loop subscription plan). Most banks charge a 3-4% markup on average.

In most cases, Loop's FX rates are even better than online FX service providers like Transferwise and OFX. When you need to exchange currencies, doing your FX through your Loop Card significantly saves businesses both time and money.


How many cards can I get?

Free users will get up to 20 virtual cards and up to 2 physical cards. Loop Plus and Power users will get unlimited virtual cards and up to 10 physical cards. Loop Cards should be used only for their intended purposes, such as making online purchases, paying bills, paying for advertising or managing subscription services. If you have any questions about our fair use policy or any other limitations on virtual card creation on our platform, please contact our customer support for further assistance.

background colourful blurred gradients