Adyen Launches Capital for Canadian Platform Customers

Adyen Capital Canada is now open for business, and it offers embedded funding to Canadian platforms and the businesses that use them. Adyen’s data-driven infrastructure now makes it possible to quickly and automatically access capital through this expansion.

Canada has over one million SMBs, which account for nearly half of the GDP generated by the private sector. SMBs often need short-term capital to manage cash flow or invest in growth. According to Adyen’s latest research with BCG, 57% of SMBs in Canada use short-term loans to buy or rent equipment. Yet traditional financing is often too slow. 42% of SMBs in Canada rely on traditional banks, and 80% say it takes up to two weeks to receive funding from these sources. As a result, 19% are forced to borrow from family or friends. Meanwhile, only 28% turn to platforms today, highlighting a significant opportunity for SaaS platforms to offer faster, more accessible funding.

Adyen Capital Canada opening reflects that the company is dedicated to giving platform customers real-time, scalable funding options.

With Capital, Adyen enables platforms to solve this problem by offering customers quick funding through a simple request process*, helping Canadian businesses manage pain points and capitalize on opportunities to grow their businesses.

One of the platforms to leverage Adyen Capital in Canada is Epos Now, a global powerhouse for payments, POS systems, and embedded financial products for businesses of all sizes and types. “Expanding Capital into Canada marks an exciting milestone for Epos Now. Thousands of businesses across the country are ready to grow, and by unlocking access to fast, flexible funding directly through our platform, we’re empowering merchants to invest in what matters most – their future,” said Richard Nolan, Chief Operating Officer, Epos Now. “Together with Adyen, we’re making embedded finance work harder for small businesses.”

How Capital Supports SMBs:

• Fast access to funds: SMBs can request funds in minutes: no paperwork, no hassle–and receive the funding within hours**.
• Clear and transparent fees: Approved SMBs pay one flat fixed fee that is shared upfront. No interest, late payment, or hidden fees.
• Flexible repayment: Repayments are automatically collected as a fixed percentage of the SMB’s daily sales.

“With Capital, Adyen manages eligibility and pre-approves customers of SaaS platforms based on processing data, bypassing lengthy applications and hidden fees that business owners might encounter with a traditional bank loan,” said Sander Meijers, Canada Country Manager, Adyen. “Our goal is to remove barriers to SMBs securing timely working capital while also providing platforms with an added revenue stream.”

How Capital Supports Platforms:

• Drive growth & customer stickiness: 80% of businesses who access capital return for a second loan.
• Diversify your revenue streams: Capital adds a new revenue stream to a platform’s business with a revenue share on capital loans.
• Revenue without the risk: Adyen carries credit risk for all loans.

Adyen Capital Canada helps the company improve its embedded finance skills while also helping Canadian small and medium-sized businesses grow by providing them with easy access to funding.

To learn more about Capital, visit: https://www.adyen.com/capital.