Adyen is expanding its innovative financing solution, Adyen Capital, to Canada, offering businesses the opportunity to receive cash advances within hours based on sales data from its payment platform. Launched initially overseas in 2023, this service aims to simplify access to capital for small and medium-sized businesses (SMBs) in Canada.
Sander Meijers, Adyen’s Country Manager for Canada, highlighted that Adyen Capital streamlines the eligibility process by pre-approving customers from Software as a Service (SaaS) platforms using their processing data, eliminating the lengthy application procedures and hidden fees that often accompany traditional bank loans.
In Canada, there are over one million SMBs, which collectively contribute to nearly half of the nation’s private sector GDP. Despite the significant role these businesses play in the economy, many face challenges in securing timely financing. Research conducted by Adyen in collaboration with BCG revealed that smaller businesses frequently rely on short-term loans, but accessing funds through traditional banks can take several weeks.
“Our objective is to eliminate obstacles for SMBs seeking prompt working capital while also providing additional revenue opportunities for platforms,” Meijers stated. Adyen Capital operates with a straightforward fee structure, charging a single fixed fee and collecting repayments as a percentage of an SMB’s daily sales, ensuring a manageable approach for business owners.
Founded in 2006 in Amsterdam, Adyen has built a reputation as a leader in the fintech sector, partnering with major clients including Meta and Microsoft. The company established its Canadian headquarters in Toronto last year, having engaged in business in the country since 2020.
Additionally, Adyen recently released its “2025 Annual Retail Report,” indicating a remarkable 47% increase in consumers utilizing AI for shopping, signaling a shift toward more technology-driven retail experiences.
This expansion reflects Adyen’s dedication to supporting Canadian SMBs and enhancing their financial capabilities, which is increasingly important in a rapidly evolving economic landscape.