Adyen

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.

New research from Adyen reveals that 40% of consumers plan to unsubscribe from recurring payment services in the next 12 months, citing high living costs. The study, part of Adyen’s inaugural Global Digital Report, surveyed consumers across 23 countries. It found that most people are signed up to three subscriptions, spending $19 per subscription monthly.

Services most at risk include TV, music, and food delivery. Despite this, 77% of businesses plan to invest in repeat purchase models, with many expanding their offerings. Adyen’s Trevor Nies emphasized the need for businesses to build lasting relationships through personalization and seamless payments.

Want to know more? Check out the source code here.