Finova Capital provides a digital suite of merchant financing products—including cash advances, equipment financing, and short‑term working capital loans—delivered via API integration for payment processors, ISOs, and POS manufacturers. The platform offers transparent e‑signed contracts, rapid funding (often within 24 hours), and flexible repayment tied to processing volume, enabling partners to extend fast, flexible capital to small and medium‑sized merchants.
Funding
$30M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized merchants often struggle to obtain fast, flexible financing from traditional banks, facing lengthy approval processes, opaque terms, and limited product options that do not align with their cash flow needs.
Solution
Finova Capital offers a suite of merchant financing products—Merchant CashTap, point‑of‑sale equipment financing, merchant cash advances, and short‑term working capital loans—delivered through a digital platform with API integration for partners. The solutions provide transparent, e‑signed contracts, rapid funding (often within 24 hours), and flexible repayment structures tailored to processing volume or credit profiles. By partnering with payment processors, ISOs, and POS manufacturers, Finova enables these partners to extend financing directly to their merchant base, improving merchant acquisition and retention while maintaining full disclosure and compliance.
Target Audience
Finova’s primary customers are payment processors, independent sales organizations (ISOs), and point‑of‑sale equipment manufacturers seeking to offer financing to their merchant clients, as well as the merchants themselves who need quick, flexible capital.
Features
- API‑driven onboarding and transaction boarding for seamless integration with processors, ISOs, and POS manufacturers
- Transparent, full‑disclosure e‑signed contracts for all financing products
- Rapid funding timelines: next‑day to 24‑hour disbursement after approval
- Flexible product options: equipment financing (24‑48 month terms), cash advances (5 k–150 k based on processing volume), and short‑term loans (1–18 month terms with daily/weekly payments)
- Automated scoring and prescreening of merchant data to enable instant offers
- Digital delivery and tracking dashboard for partners to monitor funding status and repayment performance