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.1 2

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.3 4

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.1 2

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.1 4

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.3 4

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.