Canopy has won the Best Lending Infrastructure Platform Award in the FinTech Breakthrough’s Business Lending category.

Mastercard has added seven technology providers to its Engage partner network. . Through the Engage network — which already included 150 partners — Mastercard connects businesses with qualified FinTechs and service providers that can deploy digital solutions at scale while leveraging the Mastercard Installments program, Mastercard said in a Wednesday (Dec. 7) press release. . The latest providers to join the Engage partner network are Amount, Canopy, Galileo, Jifiti, LiftForward, Paywallet and Peach Finance.

SAN FRANCISCO--(BUSINESS WIRE)--Canopy Servicing, the most configurable platform for loan management and servicing, today announced a partnership with Lendflow, the most powerful embedded credit platform and credit decisioning engine, to empower enterprise Fintechs, banks, credit unions, and non-traditional lenders to offer next-generation credit and lending products with best-in-class speed to market and execution. Embedded credit products are expected to surge to more than $7 trillion in total value by 2026, according to Bain & Company. To quote Bain: “Platforms are partnering across the new value chain to deliver these benefits to customers and differentiate their core services. In turn, this increases their ability to spur sales in their core business. For example, embedding payments into the native invoicing workflow improves accounting or business management software for the merchant, significantly reducing time spent reconciling payments and invoices. Embedding financial services helps platforms drive superior economics, increasing customer lifetime value. With minimal incremental customer acquisition costs, platforms can raise average revenues per user, while keeping customers longer.”1