CAN Capital

lendingsme financing

FOUNDING YEAR: 1998
LOCATION: United States
Last Update: 10/07/2020

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About

CAN Capital is Small Business Funding company.

Focus

PRODUCTS & SERVICES

Non bank alternative credit provider - business loans, TrakLoan, Installment Loan, Merchant cash advance.

REVENUE MODEL

Company generates revenue by charging monthly interest fee from borrowers.

MAIN CLIENTS

Small Businesses

EXISTING PARTNERSHIPS

Worldpay

Yodlee

iPayments

WebBank

Utah chartered Industrial Bank

Morgan Stanley

Barclays

UBS and J.P. Morgan and others

COMMENT

CAN capital's Daily Remittance platform and proprietary risk models offer customers an idea of the stregth of their business, which in turn leads to higher approval rate and a broader range of small business financial options for customers.

Traction

TRACTION COMMENT:

It has now provided small businesses with access to over $7 billion of working capital through more than 190,000 funding transactions. (Sep. 2018)

People

FOUNDERS

Gary Johnson

BOARD MEMBERS AND ADVISORS

Kevin Efrusy

Steve Clearman

Daniel DeMeo

J. William Drake

Gary Johnson

Nigel Morris

Alan Silberstein

Ed Stern

Marc Tesler

Hagi Schwartz

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Accel

Accel Partners

Alostar Bank of Commerce

Amalgamated Bank

Barclays

CapitalSource

Fifth Third Bancorp

First Tennessee Bank

JPMORGAN

Meritech Capital Partners

Morgan Stanley

QED Investors

Regions Bank

Ribbit Capital

SunTrust Bank

TCV

UBS

Wells Fargo

KEY EMPLOYEES:

Marc Tesler (Board of Directors)

Ed Stern (Board of Directors)

Alan Silberstein (Board of Directors)

Steve Clearman (Board of Directors)

Momentum

FUNDED

YES

TOTAL FUNDING

$64.5 M

DATE OF LAST FUNDING

Jan 2019

TOTAL FUNDING COMMENT

The company will use its latest funding to support its continued growth, make additional investments in talent and technology, and enhance customer experience. (Sep. 2018)

FUNDING SERIES

SERIES A  · $1.5 M  · Apr 1998

SERIES B  · $30 M  · Feb 2012

SERIES C  · $33 M  · Jan 2014

DEBT FUNDING

$650 M

LISTED

NO

BASICS

FOUNDING YEAR:

1998

LOCATION:

United States

Views:

107 VISITORS | 242 VIEWS
LATEST FUNDING ROUND

$64.5 M

TOTAL EMPLOYEES
201-500

About

CAN Capital is Small Business Funding company.

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Traction+
People+
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