Daily News: June 6, 2014

CAN Capital Launches CAN Connect

CAN Capital announced the availability of CAN Connect as part of the company’s growing suite of integrated technology offerings.

CAN Capital has made significant investments in these offerings, which include Mobile Funder and CAN Capital’s proprietary end-to-end digital platform, and collectively serve to automate and optimize the funding sign-up and servicing processes for both the partners and merchants. These investments have resulted in over 350% year-over-year growth in digital transactions.

CAN Connect is a full suite of Application Program Interfaces that enables third-party providers, such as payment processors and providers of point of sale systems and cloud accounting software, to offer their small business customers access to working capital based on available merchant data.

“Web-based small business service providers have unique insight into the behavior of their customers, and there has been growing pressure in the merchant services industry to offer additional services to remain competitive,” said Daniel DeMeo, CEO, CAN Capital. “By providing a suite of standardized APIs to which online partners can connect easily, CAN Connect presents a “plug and play” business development opportunity that we expect will significantly increase the velocity with which CAN Capital signs up new partners and provides their merchants with access to capital. It’s an enormous value-add for both the partner and the merchant, and it can be quickly and easily integrated with nearly any existing web-based platform.”

“Our mission at Fundera is to help small business owners get the working capital they need at the best possible terms so that they can focus on growing their businesses, and this very much aligns with the capabilities of CAN Connect,” said Jared Hecht, co-founder and CEO, Fundera. “With the CAN Instant Quote feature, the process of ensuring that we are always providing small business owners with the best funding options is that much easier.”