ATLANTA--(BUSINESS WIRE)--Worldpay, a leading global provider of payments technology and services, and CAN Capital, the market share leader in alternative small business finance, announced today a renewed relationship to offer merchants fast, efficient access to working capital so they can grow and manage their businesses while preserving cash flow.
Through CAN Capital, pioneers of the Merchant Cash Advance (or MCA) and Daily Remittance Platform, Worldpay merchants gain access to flexible finance programs that are easy to manage. This allows merchants to increase inventory, purchase new equipment or even open new locations quickly and with cash-flow friendly terms.
“As the leaders in modern money, we are committed to providing our customers value beyond reliable payments processing, such as access to unique financial solutions they otherwise wouldn’t have,” said Worldpay US Chief Marketing Officer Patti Newcomer.
According to CAN Capital Chief Marketing Officer James Mendelsohn, CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance and facilitate access to capital in a quick and efficient way.
“CAN Capital has provided small businesses with access to more than $4.7 billion in capital,” added Mendelsohn. “Through our advanced technology, funds can be sent to Worldpay merchants in as little as 3 business days. Our speed and convenience means small business owners can focus on running their businesses instead of spending time searching for working capital.”
Click here for a video overview of the Worldpay-CAN Capital relationship and how small business owners benefit.
About CAN Capital
CAN Capital, Inc., established in 1998, is the pioneer and market share leader in alternative small business finance, having provided access to over $4.7 billion in capital for tens of thousands of small businesses in a wide range of locations and different business types.
CAN Capital makes capital available to businesses through its subsidiaries: Merchant Cash Advances by CAN Capital Merchant Services, Inc., and business loans through CAN Capital Asset Servicing, Inc. (CCAS). All business loans obtained through CCAS are made by WebBank, a Utah-chartered Industrial Bank, member FDIC.
Worldpay is a leading global payments technology and services company, which allows merchants to accept payments anywhere in the world, across any channel. Headquartered in London and operating in over 30 countries, the company offers services across the entire payments value chain, including transaction capturing, merchant acquiring and transaction processing.
In 2014, the business processed a total of 10.7 billion transactions with a value of more than half a trillion dollars, making it one of the largest payments companies in the world. The company employs over 4,700 people in markets throughout the US, Europe and Asia.
Worldpay is owned by private equity firms Advent International and Bain Capital alongside management and employees. For additional information visit Worldpay.com.