Adyen has introduced its Capital product in Canada, aiming to provide small and medium-sized businesses (SMBs) with quicker and more flexible funding options.
Canada is home to more than one million SMBs, contributing nearly half of the private sector’s GDP. Many of these businesses require short-term financing to manage their cash flow or to fund growth. However, Adyen’s research with BCG found that 80% of SMBs experience funding delays of up to two weeks through traditional banks, with nearly one in five resorting to borrowing from family or friends. Despite the challenges, only 28% of SMBs currently turn to platforms for funding.
Adyen’s Capital product aims to address this by enabling platform businesses to offer their customers fast funding through a simplified request process, helping them navigate cash flow challenges and invest in growth opportunities.
One platform taking advantage of Adyen Capital in Canada is Epos Now, which provides payments, POS systems, and embedded financial products for businesses of all sizes.
Epos Now chief operating officer Richard Nolan said, “Expanding Capital into Canada marks an exciting milestone for Epos Now. Thousands of businesses across the country are ready to grow, and by unlocking access to fast, flexible funding directly through our platform, we’re empowering merchants to invest in what matters most – their future. Together with Adyen, we’re making embedded finance work harder for small businesses.”
Through Capital, SMBs can request funds in minutes without paperwork, with funding often arriving within hours. Adyen offers a clear fee structure, charging a single flat fee disclosed upfront without interest, hidden fees, or late payment penalties. Repayments are automatically deducted as a percentage of daily sales, ensuring flexibility for businesses as they scale.
Adyen Canada country manager Sander Meijers said, “With Capital, Adyen manages eligibility and pre-approves customers of SaaS platforms based on processing data, bypassing lengthy applications and hidden fees that business owners might encounter with a traditional bank loan.
“Our goal is to remove barriers to SMBs securing timely working capital while also providing platforms with an added revenue stream.”
Platforms also stand to benefit significantly from the launch of Capital. The service has shown that 80% of businesses who access the product return for additional loans, driving customer loyalty and platform growth. Additionally, platforms receive a share of the revenue from capital loans while Adyen assumes all credit risk.
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