Flexible loan management system for commercial lenders
Automate tailored communications for payment reminders; Design custom workflows to reduce manual tasks; Generate reports for upsell strategies; Simulate loan lifecycle scenarios for better decision-making; Preview account changes before implementation
Serves major clients like Flexport; Offers a low-code API for developers; Recognized for its adaptability to market changes; Trusted by modern lending teams across various sectors
Canopy has reported several notable clients on their website, including Flexport, Prime, and Novo.
Flexport: Flexport Capital partnered with Canopy to create a tailored loan management system. They evaluated over 25 systems and chose Canopy for its flexibility and integration capabilities. This collaboration enabled Flexport to launch their lending program within three months, allowing clients to finance inventory and logistics costs, track payments, and access detailed reporting. They generated $200K in revenue in the first month of launching a new loan product.
Prime: Prime has utilized Canopy's platform to enhance its lending services, focusing on its core competencies while providing a robust servicing experience. They needed a reliable servicing partner and chose Canopy for its capabilities, allowing them to launch new products quickly. Prime successfully launched a new origination fee product in less than a month.
Novo: Novo partnered with Canopy to launch a hybrid, multi-draw product offering. They utilized Canopy's products to manage their credit portfolio and worked collaboratively with Canopy to configure their solution for public availability.
Canopy employs a sales-led growth strategy, as evidenced by their website's focus on engaging potential customers through sales interactions rather than self-service options. The absence of transparent pricing and the emphasis on case studies suggest a structured sales cycle aimed at larger enterprises. Their educational resources support this approach, providing insights rather than facilitating self-service learning.