About Canopy
Canopy is a Financial Services company based in Atlanta (United States) founded in 2019 by Matt Bivons. Open banking API solutions are provided for financial institutions. It operates on a SaaS (Software-as-a-Service), API-as-a-Product, and FinTech model. Canopy has raised $33.7 million across 3 funding rounds from investors including Canaan, Foundation Capital and Infinity Ventures. Its chief executive, as recorded, is Matt Bivons. Canopy offers products and services including Canopy OS, Canopy Connect, DataDirect, LoanLab, and SafeGuard. Its focus areas include FinTech and Loan Management Software. Its legal entity is Canopy Technology Corp. Its competitors include Zeta, Finix and Apiture; 3 of its 3 listed competitors have raised funding.
Company details
Canopy is established as a premier loan management system tailored for commercial lenders, fintechs, digital banks, and vertical SaaS companies. Solutions are provided for creating and scaling secured, revolving, installment, and hybrid lending products. The platform, including Canopy OS, Canopy Connect, DataDirect, LoanLab, and SafeGuard, is designed to offer flexibility in customizing policies, automating workflows, generating insights, simulating loan lifecycles, and ensuring accurate calculations. Integration with various partners like Stripe and Tableau is supported to enhance lending operations in the financial services sector.
- Headquarters Atlanta, United States
- Founders Matt Bivons
- SectorsFinancial Services
- Email••••••••
- Website canopyservicing.com
- Social LinkedIn X
- Legal Name Canopy Technology Corp.
- Total Equity Funding$33.7M (USD)
in 3 rounds
- Latest Funding Round$15.2M (USD), Series A
Oct 2023
- InvestorsCanaan
& 4 more
Products & Services of Canopy
Canopy offers a comprehensive portfolio of products and services, including Canopy OS, Canopy Connect, DataDirect, LoanLab, and SafeGuard.
Loan management system for scalable lending products offered.
Automation tool for custom workflows in loan tasks.
Data insights tool for generating strategic lending reports.
Simulation platform for testing loan lifecycle policies effectively.
Calculation tool ensuring accuracy in lending scenarios provided.
Funding Insights of Canopy
Canopy has successfully raised a total of $33.7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15.2 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $33.7M
- Total Rounds 3
- Last Round Series A — $15.2M
- First Round $3.5M
(Jun 2020)
- Investors Count 5
All 3 funding rounds of Canopy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $15.2M | Series A | – | – | |
| Aug 2021 | $15M | Series A | – | Canaan | |
| Jun 2020 | $3.5M | Seed | – | – | – |
5 investors in total: 5 institutional.
Investors in Canopy
Canopy has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Canaan, Foundation Capital and Infinity Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors | 1995 | foundationcapital.com | Palo Alto, United States | |
Canaan is recognized as an early-stage venture capital firm. | 1987 | canaan.com | San Francisco, United States | |
Capital and counsel are provided to mission-driven founders by Homebrew. | homebrew.co | Burlingame, United States | ||
Investing in early-stage tech companies and ideas. | boxgroup.com | |||
Infinity Ventures is engaged in IT solutions and consulting services. | infinity-ventures.com | Lucknow, India |
Investor details for Canopy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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- Co-investor network
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People of Canopy
1 people are tracked at Canopy (1 in leadership).
| Name | Role | Group |
|---|---|---|
Matt Bivons | Founder & CEO | Leadership |
Complete people profiles for Canopy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of Canopy
3 dated milestones of Canopy across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Canopy is founded.
- Funding First funding round of $3.5M.
- Funding Latest funding round, Series A, of $15.2M.
Competitors of Canopy
Canopy has 3 listed competitors in our database, 3 of them funded. They include Zeta, Finix and Apiture.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zeta.tech | 2015 | San Ramon, United States | $390M | 1,278 | Payment and banking solutions are provided to users and banks. | |
| finix.com | 2015 | San Francisco, United States | $200.5M | 118 | API-enabled platform for business payment processing is provided. | |
| apiture.com | 2017 | Wilmington, United States | $59.71M | 258 | Open banking APIs are delivered to financial institutions and banks. |
Detailed competitors of Canopy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Canopy
The website of Canopy (canopyservicing.com) receives about 7.8K visits a month.
- Monthly visits7.8K
▼ 17.8% vs previous month
Websites whose visitors overlap most with Canopy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lendfoundry.com | 100% | 8.8K | #1,925,651 | View details | |
| netgain.tech | 93% | 28.7K | #1,139,104 | View details |
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Canopy (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Canopy
Complete news archive for Canopy
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Frequently Asked Questions about Canopy
Canopy was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Canopy is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Matt Bivons is the CEO of Canopy, as recorded in our data. They have also founded this company.
Canopy is a funded company, having raised a total of $33.7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Jun 2020.
Canopy is established as a premier loan management system tailored for commercial lenders, fintechs, digital banks, and vertical SaaS companies. Solutions are provided for creating and scaling secured, revolving, installment, and hybrid lending products. The platform, including Canopy OS, Canopy Connect, DataDirect, LoanLab, and SafeGuard, is designed to offer flexibility in customizing policies, automating workflows, generating insights, simulating loan lifecycles, and ensuring accurate calculations. Integration with various partners like Stripe and Tableau is supported to enhance lending operations in the financial services sector.
Canopy offers Canopy OS, Canopy Connect, DataDirect, LoanLab, and SafeGuard.
Canopy has 5 investors. Key investors include Canaan, Foundation Capital, Infinity Ventures, Homebrew, and BoxGroup.
Canopy operates through Canopy Technology Corp..