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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.
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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
Investors
Ranked
Employee Count
25 as on Aug 31, 2026
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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
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Canopy's founders and board of directors

Founder? Claim Profile
The founders of Canopy is Matt Bivons. Matt Bivons is the CEO of Canopy.
Here are the details of Canopy's key team members:

Canopy's employee count trend

Canopy has 25 employees as of Aug 26. Here is Canopy's employee count trend over the years:
Employee count trend for Canopy
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for TrueLayer
TrueLayer
2016, London (United Kingdom), Series E
Provider of open banking infrastructure for digital payments and verification
$349M
78/100
2nd
Logo for Moniepoint
Moniepoint
2019, London (United Kingdom), Series C
Provider of integrated financial services for business and individual users
$266M
75/100
3rd
Logo for M2P Fintech
M2P Fintech
2014, Chennai (India), Series D
Provider of APIs enabling banking, lending, and payment financial services
$215M
74/100
4th
Logo for Cross River Bank
Cross River Bank
2008, Fort Lee (United States), Series D
Platform offering API-driven financial infrastructure
$898M
72/100
5th
Logo for Galileo
Galileo
2000, Sandy (United States), Acquired
Provider of cloud-based platform for financial technology and digital banking
$85M
72/100
6th
Logo for Solaris
Solaris
2016, Berlin (Germany), Acquired
Provider of banking-as-a-service platform offering digital banking and payment solutions
$736M
71/100
7th
Logo for Trustly
Trustly
2008, San Carlos (United States), Acquired
Open banking-enabled payment processing solution for businesses
$28.7M
71/100
8th
Logo for Pomelo
Pomelo
2021, Buenos Aires (Argentina), Series C
Platform offering open banking API
$158M
70/100
9th
Logo for Yapily
Yapily
2017, London (United Kingdom), Series B
Provider of open banking platform facilitating payments and financial data access
$70.8M
69/100
10th
Logo for Tink
Tink
2012, Stockholm (Sweden), Acquired
Provider of open banking platform offering payment services and data enrichment
$359M
69/100
126th
Logo for Canopy
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

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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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