What it sells
Lets users pay rent and bills by credit card to earn rewards; expanding into SMB payments (payroll, business taxes, vendor payments).
Business model breakdown
Buyer: who owns the budget?
Individual Canadians paying recurring bills (rent, utilities, taxes, tuition, insurance, condo fees).
Trigger: what makes them buy now?
Wanting cashback and travel points on bills that normally earn zero rewards.
Workflow: what inputs become what output?
Search payee, add a Canadian Visa/Mastercard/Amex, Chexy charges the card 4 business days before the due date and pays the bill via e-Transfer, Bill Pay or PAD; the card issuer deposits rewards.
Economics: what it saves and how it charges
Transaction fee on each bill payment: 1.75% on Canadian cards, 2.5% on international cards; referral tiers cut the fee to 1.5% (3+ referrals), 1.0% (5+) and 0.5% (10+).
Distribution: how it reaches customers
Aeroplan partnership with Air Canada
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-03-25 | Series A | $14 million CAD | Khosla Ventures (lead), Crossbeam, Venrex, Air Canada | betakit.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.