Canopy and Moov, a leading provider of modern payment processing infrastructure, have partnered to launch Canopy Repay. Combining Moov’s payment infrastructure with Canopy’s loan servicing expertise, we aim to tackle the real challenges in loan repayment head-on.
About Canopy Repay
Canopy Repay is designed to address key challenges in loan repayment by delivering:
- Simplified underwriting and onboarding for financial institutions
- Streamlined payment operations with real-time visibility
- Enhanced transaction reliability through modern cloud-native architecture
- Reduced processing costs while expanding payment options for borrowers
This partnership underscores the growing role of embedded finance in modernizing lending operations.
Canopy Repay represents a significant advancement in loan repayment. By integrating Moov’s payment expertise with our servicing platform, we’re providing lenders a seamless solution to enhance the payment experience and increase revenue in a meaningful way.”
Moov believes borrowers should have flexible repayment options. Through our partnership with Canopy, we enable lenders to offer seamless ACH and card payments for a better borrower experience. Supporting card brands’ debt repayment programs also reduces interchange fees, benefiting both borrowers and lenders.”
Canopy Repay will be available to Canopy’s client base of commercial lenders in June of 2025. Read the full press release.
About Moov
Moov is a next-generation payments platform, born in the cloud and built from the network layer up to make payments easier for technology companies. With Moov, businesses accept, store, send, and spend money — all through one simple integration. Moov is driven by a give-first mindset and supports a thriving network of developers with open-source projects and a growing community. Discover how Moov can transform your payment operations at moov.io
About Canopy
Canopy, founded by fintech and lending experts, is revolutionizing loan management with a cloud-native platform that empowers commercial lenders to adapt quickly, launch innovative products, and manage risk proactively. By breaking down silos and enhancing real-time borrower insights, Canopy delivers unmatched flexibility and personalized service, equipping lenders to thrive in today’s fast-evolving lending landscape.
Ready to modernize your ledger system and future-proof your lending portfolio? Get in touch with our team.
