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Ahmed Shafik
Co-Founder @ Vault | Helping 3,000+ companies with better banking
Ahmed Shafik is a prominent figure in the fintech industry, serving as the Co-Founder of Vault, an innovative online banking platform tailored for small-to-medium-sized businesses (SMBs) in Canada. He co-founded Vault in late 2021 alongside Saud Aziz, motivated by their personal experiences as children of small business owners who faced significant challenges with traditional banking services.12
Professional Background
Before establishing Vault, Shafik held several key positions:
- Senior Product Manager at sunday (June 2021 - October 2021)
- Management Consultant at PwC Canada (2018 - 2019)
- Summer Associate at PwC Canada (2017)
- Accounting Summer Student at the Toronto Transit Commission (TTC) (2016)
His extensive experience in product management and consulting has equipped him with a deep understanding of the financial needs of businesses, which he leverages to enhance Vault's offerings.34
Vault's Mission and Offerings
Vault aims to revolutionize banking for Canadian entrepreneurs by providing a platform that eliminates unnecessary fees and simplifies financial management. Key features of Vault include:
- Quick account setup in under five minutes
- No monthly or annual fees
- Multi-currency accounts and real-time currency exchange
- A corporate card with cashback rewards
- Investment products like Guaranteed Investment Certificates (GICs) with competitive returns.12
Shafik emphasizes the importance of building robust infrastructure for fintech solutions in Canada, noting that many existing products are not suitable for the local market. Vault's approach involves developing its services from the ground up to meet these unique needs.14
Education and Skills
Shafik holds a degree from Ryerson University and has been recognized for his academic excellence, being named to the Dean's List during his studies. He is proficient in both English and Arabic, enhancing his ability to connect with diverse clients.34
Through his role at Vault, Ahmed Shafik continues to impact the fintech landscape in Canada, focusing on empowering SMBs with better banking solutions tailored to their specific needs.
Highlights
After months of development and testing, we’ve rolled out our new Automated Accounts Payable feature!
What excites me most is how this directly addresses the pain points businesses have shared—manual payments, inaccuracies, and inefficiencies. Now, with our 2-way sync to QuickBooks and Xero and automated workflows, AP is smarter and faster.
Vault is now the first and only platform in Canada helping Canadian businesses with all of their corporate finances whether it's corporate card purchases, running payroll, or manage multiple currencies.
Live today for all existing and new customers.
Read more here:
We're hiring a growth/marketing rockstar 🚀 DM me if interested or know someone who might be a great fit
