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Canopy Servicing provides a flexible API platform for loan management and servicing that lets financial institutions and individual lenders manage credit, debit, and installment loans in one system. It calculates interest in real-time as payments are made, supports per-product and per-customer settings for interest rates, billing cycles, promotions, and fees, and offers features like payment reminders and retroactive processing of disputed payments. The platform emphasizes data privacy and security with encryption in transit and at rest and strict access controls, and it eliminates batch processing in favor of granular, per-loan configuration through an API-first approach. The goal is to help clients efficiently offer modern lending products at scale while maintaining strong data protection.
Industries
Enterprise Software
Fintech
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$33.7M
Headquarters
Claymont, Delaware
Founded
2019
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Total Funding
$33.7M
Meets
Industry Average
Funded Over
3 Rounds
Industry standards
Health Insurance
Vision Insurance
Dental Insurance
Parental Leave
401(k) Company Match
Company Equity
Unlimited Paid Time Off
Remote Work Options
Home Office Stipend
Company Social Events
Canopy Servicing raises USD 15.2M Series A1 funding.
We were curious how Canopy was able to raise another tranche of capital in this climate, so we caught up with its CEO, Matt Bivons, to find out how things are going.
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
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Industries
Enterprise Software
Fintech
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$33.7M
Headquarters
Claymont, Delaware
Founded
2019
Find jobs on Simplify and start your career today