“Can CAN Capital's 25-year proprietary risk-scoring platform become the dominant underwriting infrastructure for alternative SMB lending at scale?”
Founded in 1998 as a pioneer in alternative SMB lending, CAN Capital built proprietary risk models integrating firmographic, banking, and transaction data to underwrite businesses otherwise denied by traditional banks. The company transitioned its loan origination to a bank-partnership model, with WebBank as the issuing lender, enabling broader regulatory reach under an established sponsor bank. Over 25+ years it expanded from merchant cash advances into working capital loans, equipment financing, and lines of credit, positioning itself as a data-driven underwriting platform rather than a balance-sheet lender.
Can Capital discloses WebBank (sponsor bank) as its banking provider, with WebBank as its sponsor bank, according to the Embedded Finance Index 2026.
Can Capital does not disclose a bank charter of its own; its banking services are provided through WebBank.
The Embedded Finance Index 2026 maps 3 layers in Can Capital's stack: Banking / BaaS (WebBank (sponsor bank)); Lending (Working Capital Loan ($2,500–$250,000, 6–24 month terms), Equipment Financing (up to $250K, 24–72 month terms), Revolving Line of Credit ($6,000–$100,000, 12-month repayment) and Merchant Cash Advance); Sponsor bank (WebBank).
Can Capital is founded in 1998 and headquartered in New York, NY, USA.
Can Capital has raised ~$63M+ equity (plus $287M debt facility) in total (latest round: Debt facility, 2018).
Get a read on where your own stack stands against Can Capital and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.