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INTERNET | Internet Software & Services / Application & Data Integration
canopyservicing.com

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Founded Year

2019

Stage

Series A | Alive

Total Raised

$18.5M

Last Raised

$15M | 3 mos ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Canopy

Canopy is a technology company that builds modern servicing infrastructure for companies and specializes in loan management.

Canopy Headquarter Location

Atlanta, Georgia,

United States

(256) 290-3268

Latest Canopy News

Canopy Introduces its First Loan Management System

Aug 10, 2021

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team The founding idea behind Canopy was to build a company that provides loans or financial products to buy a home, start a business, or acquire an education. Thanks to 10 years of experience working in Fintech, the founders understand the shortcomings of the backend system which can be more than half a century old. The […] / share Published on August 10, 2021 Thanks to 10 years of experience working in Fintech, the founders understand the shortcomings of the backend system which can be more than half a century old. The founders of Canopy expressed their happiness that the company’s Series A funding round was a success, and Canopy raised $15 million. The round was led by Canaan and In addition, other investors such as Homebrew, Foundation, BoxGroup and Commerce participated. Through Canopy, developers and brands will launch and deliver their financial products to customers. Canopy will focus on developing friendly APIs, real-time data and white label solutions. Building financial products that satisfy market needs will become easier for Canopy’s partners. Previously, in the context of society, the lack of flexibility in loan management technology led to the delay in credit line updates or new loan products. Since then, ideas to build an infrastructure that can support Fintech have gradually been formed. Today, most financial institutions operate on the Common Business Oriented Language (COBOL) originally designed in 1959 as a reliable, flexible, and portable coding language. That has made it one of the most popular coding languages in the world. One problem that Fintechs are facing is pricing and logistics. Core banking provides power for accounts, statements and processing for large numbers of consumers. In the hope of launching a $1 million credit product within 12-18 months, lenders will face a second loan, overpayment or delayed payment. misses, disputes, etc… The tool they need to solve all that is to an API. This is exactly what Canopy did. Canopy partners easily have a system of their customer profiles and loans, and also offer new products and track services. With new technology, the finance industry in the USA may grow to include fresh products that are good for both the industry, and consumers. Tags

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Expert Collections containing Canopy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Canopy is included in 3 Expert Collections, including Debt Collectors.

D

Debt Collectors

48 items

F

Fintech

7,109 items

US-based companies

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

Canopy Web Traffic

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Page Views per Million (PVPM)
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