Canopy - About the company
Canopy is a series A company based in Atlanta (United States), founded in 2019 by Matt Bivons. It operates as an Open banking API solutions. Canopy has raised $33.7M in funding from Canaan. The company has 657 active competitors, including 153 funded and 61 that have exited. Its top competitors include companies like TrueLayer, Moniepoint and M2P Fintech.
Company Details
Open banking API solutions. It enables banks and financial institutions to build products such as lending platform, digital banking platforms, checking accounts, loan servicing solutions, and more. It offers plug-and-play solutions for creating banking and lending products.
- Website
- www.canopyservicing.com/
- Email ID
- *****@canopyservicing.com
- Registered Address
- Atlanta,georgia,united states
Key Metrics
Founded Year
2019
Location
Atlanta, United States
Stage
Series A
Total Funding
$33.7M in 3 rounds
Latest Funding Round
Ranked
126th among 657 active competitors
Employee Count
25 as on Aug 31, 2026
Legal entities associated with Canopy
Canopy is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Canopy Technology Corp CIN: - , Belgium, Active | Sep 10, 2019 | - | - | - |
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Canopy's funding and investors
Canopy has raised a total funding of $33.7M over 3 rounds. Its first funding round was on 2020. Its latest funding round was a Series A round on Oct 11, 2023 for $*****. 2 investors participated in its latest round. Canopy has 6 institutional investors.
Here is the list of recent funding rounds of Canopy:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 11, 2023 | 4848925 | Series A | 3807405 | 7591477 | 7488852 | 6534199 |
Aug 09, 2021 | 9979250 | Series A | 3198801 | 5270497 | 5076388 | |
2020 | 6048 | Seed | 4742 | 3596 | 2668 | 5866 |
View details of Canopy's funding rounds and investors
Canopy's founders and board of directors
Founder? Claim ProfileThe founders of Canopy is Matt Bivons. Matt Bivons is the CEO of Canopy.
Here are the details of Canopy's key team members:
- Matt Bivons: Founder & CEO of Canopy. Contact Info: 1 email address
View details of Canopy's Founder profiles and Board Members
Canopy's employee count trend
Canopy has 25 employees as of Aug 26. Here is Canopy's employee count trend over the years:
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Canopy's Competitors and alternates
Top competitors of Canopy include TrueLayer, Moniepoint and M2P Fintech. Here is the list of Top 10 competitors of Canopy, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | TrueLayer 2016, London (United Kingdom), Series E | Provider of open banking infrastructure for digital payments and verification | $349M | 78/100 | |
2nd | Moniepoint 2019, London (United Kingdom), Series C | Provider of integrated financial services for business and individual users | $266M | 75/100 | |
3rd | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $215M | 74/100 | |
4th | Cross River Bank 2008, Fort Lee (United States), Series D | Platform offering API-driven financial infrastructure | $898M | 72/100 | |
5th | Galileo 2000, Sandy (United States), Acquired | Provider of cloud-based platform for financial technology and digital banking | $85M | 72/100 | |
6th | Provider of banking-as-a-service platform offering digital banking and payment solutions | $736M | 71/100 | ||
7th | Trustly 2008, San Carlos (United States), Acquired | Open banking-enabled payment processing solution for businesses | $28.7M | 71/100 | |
8th | Platform offering open banking API | $158M | 70/100 | ||
9th | Yapily 2017, London (United Kingdom), Series B | Provider of open banking platform facilitating payments and financial data access | $70.8M | 69/100 | |
10th | Provider of open banking platform offering payment services and data enrichment | $359M | 69/100 | ||
126th | Canopy 2019, Atlanta (United States), Series A | Open banking API solutions | $33.7M | 43/100 |
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Canopy's Investments and acquisitions
Canopy has made no investments or acquisitions yet.
Reports related to Canopy
Here is the latest report on Canopy's sector:
News related to Canopy
•
Canopy Servicing teams up with Moov to improve loan repayments for lendersThe Paypers•Feb 14, 2025•Canopy, Moov
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Canopy sets the pace in FinTech with a robust $15.2m Series A1 funding roundFintech•Oct 11, 2023•Canopy, Foundation Capital, Infinity Ventures
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Canopy Servicing and Marqeta join hands for configurable BNPL solutionsElectronic Payments International•Jul 22, 2022•Canopy, Marqeta
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Canopy Servicing Joins Visa Ready for BNPL to Enable Flexible BNPL PaymentsBusiness Wire•May 10, 2022•Visa, Canopy
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Canopy partner with Fronted to launch the lifetime deposit, enabling renters to move their deposit from one property to anotherFintech Finance•Apr 13, 2022•Canopy, Front
•
Canopy and Sivo Announce Pioneering Embedded Lending PartnershipBusiness Wire•Mar 23, 2022•Canopy, Sivo
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Canopy Servicing Announces Partnership with CBW Bank to Enable Next-Generation Credit and Lending ProductsBusiness Wire•Feb 07, 2022•Canopy, CBW Bank
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