• FOUNDING YEAR: 1998
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    9 Sep, 2019
    Phone:
    +1 678-239-3851

Description

FOCUS

PRODUCTS & SERVICES:
Non bank alternative credit provider - business loans, TrakLoan, Installment Loan, Merchant cash advance.
REVENUE MODEL:
Viewable by subscribers only
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.

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:
Wells Fargo, Morgan Stanley, Barclays, UBS, JPMorgan, SunTrust Bank, First Tennessee Bank, Fifth Third Bancorp, Regions Bank, Alostar Bank of Commerce, CapitalSource, Amalgamated Bank, QED Investors, Accel Partners, Meritech Capital Partners, Ribbit Capital

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)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$63 Millions
DATE OF LAST FUNDING:
Sep 2018
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 C
$63 Millions Closed: Dec 2013
DEBT FUNDING:
$937 Millions
LISTED:
NO

LATEST RESEARCH