CAN Capital has completed a two-year technological transformation, modernizing its loan origination and servicing platform while migrating its on-premise data center to the cloud. This initiative aimed to prepare for long-term growth post-COVID and enhance solutions for stakeholders.
The transformation involved adapting business processes with technology as an enabler. The new platform is secure, scalable, and designed to provide optimal solutions for partners, customers, and the company itself. Key changes included migrating the loan origination and servicing platform to a cloud-based system and integrating it with third parties using serverless architecture for better scalability and transaction processing. The platform is also integrated with tools used by sales and customer service teams.
Jim Sherlock, CAN Capital’s Chief Technology Officer, stated, “CAN Capital’s technology transformation is a foundational step in its ongoing efforts to modernize product offerings and delivery methods for both its customers and partners. With the small business lending market becoming increasingly competitive, this enhanced technology infrastructure enables an improved lending experience while simultaneously minimizing risk and streamlining operational expenses.”
For 25 years, CAN Capital has been assisting small business owners in accessing financing solutions necessary for growth.
Founded in 1998, CAN Capital is a pioneer in alternative small business finance. It has provided over $8 billion in capital through more than 200,000 transactions across various locations and business types. As a technology-driven financial services provider, CAN Capital employs innovative risk models combined with daily performance data to evaluate business performance and facilitate quick access to capital.
CAN Capital offers business loans through WebBank and equipment financing via loans and leases from various providers.
Press Contact: Evan Day
Email: eday@cancapital.com