Cost Advantages of Canopy

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.