Worldpay, a leading global provider of payments technology and services, and CAN Capital, the market share leader in alternative small business finance, announced today a renewed relationship to offer merchants fast, efficient access to working capital so they can grow and manage their businesses while preserving cash flow.
Through CAN Capital, pioneers of the Merchant Cash Advance (or MCA) and Daily Remittance Platform, Worldpay merchants gain access to flexible finance programs that are easy to manage. This allows merchants to increase inventory, purchase new equipment or even open new locations quickly and with cash-flow friendly terms.
“As the leaders in modern money, we are committed to providing our customers value beyond reliable payments processing, such as access to unique financial solutions they otherwise wouldn’t have,” said Worldpay US Chief Marketing Officer Patti Newcomer.
According to CAN Capital Chief Marketing Officer James Mendelsohn, CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance and facilitate access to capital in a quick and efficient way.
“CAN Capital has provided small businesses with access to more than $4.7 billion in capital,” added Mendelsohn. “Through our advanced technology, funds can be sent to Worldpay merchants in as little as 3 business days. Our speed and convenience means small business owners can focus on running their businesses instead of spending time searching for working capital.”