Canopy
“Can an all-in-one practice management platform become the AI-native operating system — and payments rail — for US accounting firms?”
Founded2014
HQSouth Jordan, Utah, United States
Total raised$258M
IndustryVertical SaaS / Accounting
The story
Canopy is a Utah-based vertical SaaS for accounting/tax/bookkeeping firms — CRM, document management, workflow, time & billing, and client portal in one platform. The embedded finance angle is Canopy Payments (ACH and card acceptance for CPA firms billing clients), launched on Adyen. In 2025 the company reoriented around AI (Canopy Coworker, Notetaker, Tax Workflow Automation) built on OpenAI and Anthropic, positioning itself as an 'autonomous firm' platform rather than a point tool.
Last 12 months
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Product timeline
2014
Canopy Tax, Inc. founded to build practice management software for accountants and tax professionals.· pivot
2024
Launched Canopy Payments (ACH + card acceptance) powered by Adyen for CPA firm client billing.· banking
2025
Announced Canopy Coworker 'Everywhere AI' and Tax Workflow Automation using OpenAI and Anthropic models.· pivot
The stack
3 layers disclosed in Canopy’s embedded-finance stack
Payments / PSP
Open banking
in the full report
Accounting
in the full report
Accounting gap: minor
5 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.