CAN Capital, Inc., the market share leader in alternative small business finance, and iPayment, Inc., a premier provider of payment solutions and processing services, today announced a partnership to provide over 150,000 small businesses currently working with iPayment the ability to apply for access to flexible financial solutions to help them grow their businesses.
“At iPayment, we are committed to providing our customers with fully integrated, all-encompassing payment services and value added solutions to help them do what’s most important – build, run and grow successful businesses,” said Greg Cohen, President of iPayment, Inc. “Our partnership with CAN Capital is another example of our commitment to listening to market demand and delivering a streamlined solution for our SMB customers.”
CAN Capital, which pioneered the Daily Remittance Platform™, will be providing iPayment small business customers access to flexible finance solutions, so qualified customers will have the option to access working capital in as little as three business days. Merchants can use funds to open new locations, increase inventory, purchase new equipment or grow in other capacities.
Key to this partnership is the integration of iPayment’s customer portal with CAN Capital through its CAN Connect™ platform, a full suite of standardized Application Program Interfaces (APIs) that enable sales partners to offer their small business customers information about access to working capital based on available merchant data. iPayment customers will now have access to CAN Capital products through both online and offline channels.
“For almost 18 years, CAN Capital has been leading the alternative small business finance industry, and to-date we have provided access to over $5.5 billion in working capital,” said Daniel DeMeo, CEO of CAN Capital. “With our long history in the space, we have amassed a great deal of data and experience to develop the technologies needed to provide merchants with fast access to the funds they need, so they can spend more time running their business and less time searching for capital. Our success is driven by the success of our customers, and by working with sales partners like iPayment, we will be able to help many more small businesses grow and achieve their goals."