We’re delighted to announce Lendflow’s new partnership with Canopy Servicing. Joining forces with Canopy Servicing is another step forward for Lendflow toward achieving our mission of democratizing access to capital. As a market leader in loan management and servicing, Canopy Servicing is helping to usher in a new era of smart, tailored capital.
Here’s the upshot: Embedded credit has exploded into a multi-trillion-dollar industry in recent years. For enterprise fintechs, vertical SaaS companies, and alternative lenders, the upside of embedded finance is obvious — and represents a true competitive driver. With minimal customer acquisition costs, companies are finding out first-hand that embedded lending is an excellent way to diversify product portfolios, deliver even more value to customers, and dramatically raise average revenues per customer.
So where do Lendflow and Canopy come in?
“With the rapid rise of embedded credit offerings and new and innovative loan products, companies need a technology stack that enables them to build and scale their lending operations. This partnership with Canopy and Lendflow helps lenders launch and manage these products to provide holistic and seamless experiences to businesses and borrowers during the entire loan lifecycle.” said Canopy Head of Product Anurag Angara. “As partners, Canopy and Lendflow are changing the way lenders and enterprise fintechs think about lending technology infrastructure.”
Lendflow’s advanced Credit Decisioning Engine allows holistic data profiles to seamlessly flow into automated workflows and customizable scorecards, compiling all data necessary for effective underwriting in one place, under one contract. Within a low-code environment, fintechs, lenders, and SaaS leverage robust data profiles and automated decision trees — designed according to underwriting requirements — to optimize risk assessments and accelerate go-to-market times.
Through our partnership, Lendflow’s end-to-end Credit Decisioning Engine and larger embedded credit ecosystem will integrate into Canopy’s flexible loan management and servicing platform to connect and optimize the entire loan cycle — from application to underwriting, to decisioning and servicing. As companies tap into our newly combined infrastructure — to augment their bread-and-butter value prop and smoothly build embedded cutting-edge credit solutions — they attract more customers and retain them for longer.
By integrating Lendflow’s advanced Credit Decisioning Engine and embedded lending ecosystem into Canopy’s flexible platform, fintechs, lenders, and vertical SaaS companies can streamline underwriting operations, launch state-of-the-art credit products, and drive bottom-line results. Most of all, thanks to Lendflow and Canopy’s partnership, lenders are now equipped with the tools and full-scale digital architecture to design lending programs in lockstep with core business objectives.
“Our partnership with Canopy empowers lenders and fintechs to own the full process of servicing a loan,” says Gordon Bowman, Lendflow’s Head of Partnerships. “With the Canopy integration, users will now have full control and visibility into the entire loan process — from the application, underwriting, and approval all the way through account setup, payment processing, and reporting.”
“With the combined power of Lendflow and Canopy, lenders can make targeted and personalized loans using built-in automations and a full suite of APIs. Overall, Lendflow's full integration into Canopy propels lenders to make smarter decisions faster, minimize risk, and save time and money by maintaining control of the entire lifecycle of a loan.”
At Lendflow, we’re constantly striving to help lenders place capital in the hands of qualified customers — partnering with Canopy Servicing will help us advance our mission to enable every company to provide seamless financial experiences to their customers, empowering them to reach their full potential, faster.
If you’re interested in learning more about Lendflow, schedule a demo today!