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CAN Capital’s CAN Connect APIs Now Offer iPayment Merchants Access to Funds

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On the heels of OnDeck’s announcement last week that it is partnering with JPMorgan Chase to offer small-business loans, CAN Capital announced today its partnership with iPayment, provider of payment solutions and processing services. As part of the partnership, CAN Capital will offer iPayment’s 150,000 merchant customers access to working capital.

Without ever leaving the iPayment platform, merchants can apply for $2,500 to $150,000 in funds to grow their business.

The integration is made possible through CAN Capital’s CAN Connect platform, a suite of APIs that leverages iPayment’s existing merchant data to simplify the application process and prequalify them for financing.

Since launching in 1998, CAN Capital has furnished small businesses with $5.5 billion in working capital. The company last demoed at FinovateFall 2013 where it debuted Mobile Funder, a tool for sales reps to remotely prequalify businesses and submit applications for a variety of finance products.