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Adyen launched Capital in Canada, enabling platform businesses to offer instant loans to small and medium-sized businesses. The fintech giant’s new service allows SMBs to request funds in minutes with no paperwork and receive funding within hours through automated processing. The platform features transparent flat fees, flexible repayment tied to daily sales percentages, and pre-approval based on processing data.
This innovation addresses a critical gap where 80% of Canadian SMBs currently wait up to two weeks for traditional bank funding, with 19% forced to borrow from family or friends. The launch reflects the broader embedded finance trend where payment platforms evolve into comprehensive business solution hubs, offering everything from transactions to working capital.
Epos Now became the first platform partner to leverage the service, demonstrating immediate market adoption for this streamlined financing approach.
Image Credit: Ayden
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