Canopy flips the status quo in terms of investment in servicing infrastructure. Currently, companies are forced to invest heavily in lacking vendor solutions or developing their own in-house tools.
For most teams launching credit/lending products, this includes:
- $3-5 million up-front investment
- 2-3 years time-to-market
- $2 million / year in maintenance
The current landscape of servicing technology is unintuitive and creates costs and complexity at every step of the way.
Canopy emphasizes a simplified, per-account cost structure that scales well as your business grows and lets you focus on your business' core competency rather than investing in and maintaining a system of record, training support teams, and building custom servicing logic for each new product iteration.