Canopy Inc. Raises $15 Million in Series A 

by Kay Aloha Villamor in August 10th, 2021

Canopy Inc. announced this morning it recently closed a $15 million in Series A. The startup sells software to fintech’s and others, allowing customers to create loan programs and service the resulting products.

Canaan led its Series A, with participation from Homebrew, Foundation and BoxGroup, among others. Per Canopy, its valuation grew by 5x from its seed round to its Series A. The company has raised $18.5 million to date.

Company: Canopy Inc.

Raised: $15.0M

Round: Series A

Funding Month: August 2021

Lead Investor: Canaan

Additional Investors: Homebrew, Foundation and BoxGroup

Company Website: https://canopyservicing.com/

Software Category: Modern Servicing platform

About the Company: Canopy is a technology company that builds modern servicing infrastructure for scaling FinTechs. Canopy offers a plug and play system of record for companies who want to launch lending products quickly and reliably. Help financial technology companies service lending products through flexible, modern APIs and clean documentation. Canopy platform allows companies to easily make changes to products/accounts/policies/payments through the Canopy API or UI, and help companies lower working cost and create servicing features that customers actually want. The canopy platform enables FinTechs to innovate on new financial products by allowing greatest flexibility in account servicing.

 Source: https://techcrunch.com/2021/08/09/canopy-raises-15m-series-a/

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