Case Study: Flexport Scales its Lending Program with Canopy

How Flexport Scaled its Lending Program with Canopy

Flexport Capital, the financing arm of global supply chain company Flexport, needed a scalable loan management system to provide working capital to its clients. Their challenge was to find a technology partner with the flexibility to design custom solutions that could integrate with their existing tech stack and support the complexity of financing global shipments. They turned to the vendor Canopy for its lending platform.

Canopy implemented its loan management system, including Canopy Lending Core and its API, to create a tailored solution. This enabled Flexport to quickly launch its lending products, going live with its first customers within three months. The partnership allowed Flexport's clients to track payments and access detailed loan reporting. The solution proved highly scalable, with one new loan product generating $200,000 in revenue within its first month.

Flexport

Thibault Maillet

Head of Financial Services