Small business alternative financing platform CAN Capital is partnering with payment processing company iPayments to offer financing to its 150,000-plus client base.
iPayment customers will be able to access working capital in as little as three business days, both on and offline. That brings added value to them, iPayment President Greg Cohen said.
“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. 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.”
An important aspect of this arrangement is the integration between the iPayment customer portal and CAN Capital’s CAN Connect platform, which facilitates working capital access based on available merchant data
iPayments are benefiting from CAN Capital’s long history in the SME funding space, CAN Capital CEO Daniel DeMeo said.
“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.”