Adyen has launched its financing solution, Capital, in Canada. Originally rolled out internationally in 2023, the product offers fast funding to small businesses using sales data from Adyen’s payment platform. By pre-approving merchants on SaaS platforms, Capital eliminates lengthy applications and hidden fees common in traditional lending, says Canada Country Manager Sander Meijers.
With over one million SMBs generating nearly half of Canada’s private-sector GDP, the need for quick access to capital is critical. Repayment is automatic, drawn from daily sales, and includes one fixed fee. Adyen’s local presence has grown since opening a Toronto HQ in 2023.
Want to know more? Check out the source code on Fintech.ca.