Launching Revolving Credit on a Closed Loop Infrastructure
Tandym, the first fintech company to enable e-commerce businesses to quickly and easily offer their own, next-gen private label credit cards, needed a modern lending architecture. In launching a revolving credit product on a closed loop infrastructure, they chose Canopy as their flexible loan management system to help them reach the next level.
Innovative, Frictionless Digital Credit for E-Commerce
As the first private-label credit card company empowering merchants of any size to offer a branded digital credit card, Tandym is on a mission to help merchants grow their business. The innovative platform is designed to enable fast, seamless integration with retailers to cut processing fees and power turnkey loyalty programs for customers.
To build and maintain trust with their own clients, the Tandym team worked closely with Canopy to launch their revolving credit product with an emphasis on dynamic minimum payment calculations, reliable delinquency reports, and a frictionless experience for payment integration.
Must-Have Features for a Loan Management System
Post origination, one of the key features the Tandym team considered in their product development was a seamless, consistent servicing experience that matched expectations set during the onboarding flow. For instance, making repayment as easy as possible for the end customer.