Cantaloupe, Inc. Collaborates with Fundbox to Launch Cantaloupe Capital, Making Small Business Financing Available for Self-Service Operators
Cantaloupe (NASDAQ: CTLP) announces the launch of Cantaloupe Capital, a new financing platform developed in collaboration with Fundbox to provide small businesses in self-service retail with streamlined access to capital. The platform addresses significant financing challenges faced by small businesses, as highlighted by the 2024 Federal Reserve Small Business Startup Credit Survey, which shows only 43% of startup small businesses with employees and 29% of owner-operated startups received traditional funding.
The platform offers key features including a streamlined online application process, rapid funding decisions, transparent interest rates, flexible repayment terms, and comprehensive support for equipment purchases and working capital needs. This initiative aims to break down funding barriers for owner-operators, enabling them to invest in new equipment, manage seasonal fluctuations, and capitalize on growth opportunities in the self-service retail space.
Cantaloupe (NASDAQ: CTLP) annuncia il lancio di Cantaloupe Capital, una nuova piattaforma di finanziamento sviluppata in collaborazione con Fundbox per fornire alle piccole imprese del commercio al dettaglio self-service un accesso semplificato al capitale. La piattaforma affronta le significative sfide di finanziamento che devono affrontare le piccole imprese, come evidenziato dal 2024 Federal Reserve Small Business Startup Credit Survey, che mostra solo il 43% delle piccole imprese avviate con dipendenti e il 29% delle startup a gestione familiare hanno ricevuto finanziamenti tradizionali.
La piattaforma offre caratteristiche chiave come un processo di applicazione online semplificato, decisioni di finanziamento rapide, tassi di interesse trasparenti, termini di rimborso flessibili e supporto completo per acquisti di attrezzature e necessità di capitale circolante. Questa iniziativa mira a rimuovere le barriere al finanziamento per i gestori proprietari, consentendo loro di investire in nuove attrezzature, gestire le fluttuazioni stagionali e capitalizzare sulle opportunità di crescita nel settore del commercio al dettaglio self-service.
Cantaloupe (NASDAQ: CTLP) anuncia el lanzamiento de Cantaloupe Capital, una nueva plataforma de financiación desarrollada en colaboración con Fundbox para proporcionar a las pequeñas empresas de venta al por menor autoservicio un acceso simplificado al capital. La plataforma aborda los importantes desafíos de financiación que enfrentan las pequeñas empresas, como se destaca en la Encuesta de Crédito para Nuevas Empresas Pequeñas de la Reserva Federal 2024, que muestra que solo el 43% de las pequeñas empresas iniciadas con empleados y el 29% de las startups dirigidas por propietarios recibieron financiación tradicional.
La plataforma ofrece características clave, incluyendo un proceso de solicitud en línea simplificado, decisiones de financiación rápidas, tasas de interés transparentes, términos de reembolso flexibles y apoyo integral para la compra de equipos y necesidades de capital de trabajo. Esta iniciativa tiene como objetivo romper las barreras de financiación para los propietarios-operadores, permitiéndoles invertir en nuevos equipos, gestionar fluctuaciones estacionales y aprovechar oportunidades de crecimiento en el sector de venta al por menor autoservicio.
칸탈루프(Cantaloupe)(NASDAQ: CTLP)는 칸탈루프 캐피탈(Cantaloupe Capital)을 출범한다고 발표했습니다. 이는 펀드박스(Fundbox)와 협력하여 개발된 새로운 자금 조달 플랫폼으로, 셀프 서비스 소매업체의 소규모 비즈니스에 자본에 보다 간편하게 접근할 수 있는 방법을 제공합니다. 이 플랫폼은 2024년도 연방준비제도 이사회 소규모 기업 창업 신용 조사에서 강조된 바와 같이 소규모 기업이 직면한 주요 자금 조달 문제를 다룹니다. 조사에 따르면 직원이 있는 창업 소규모 기업의 43%와 소유자가 운영하는 스타트업의 29%만이 전통적인 자금을 받았다고 합니다.
이 플랫폼은 간소화된 온라인 신청 프로세스, 신속한 자금 결정, 투명한 이율, 유연한 상환 조건, 장비 구입 및 운영 자본 필요에 대한 포괄적 지원 등 주요 기능을 제공합니다. 이 이니셔티브는 소유자 운영자가 자금 조달 장벽을 허물고 새로운 장비에 투자하며 계절적 변동을 관리하고 셀프 서비스 소매 공간에서 성장 기회를 활용할 수 있도록 도와줍니다.
Cantaloupe (NASDAQ: CTLP) annonce le lancement de Cantaloupe Capital, une nouvelle plateforme de financement développée en collaboration avec Fundbox pour offrir aux petites entreprises du commerce de détail en libre-service un accès simplifié au capital. La plateforme répond aux défis de financement significatifs auxquels sont confrontées les petites entreprises, comme le souligne l'Enquête de Crédit sur les Créations d’Entreprises de la Réserve Fédérale 2024, qui montre que seulement 43 % des petites entreprises nouvellement créées avec des employés et 29 % des startups dirigées par des propriétaires ont reçu un financement traditionnel.
La plateforme propose des fonctionnalités clés telles qu'un processus de demande en ligne simplifié, des décisions de financement rapides, des taux d'intérêt transparents, des conditions de remboursement flexibles et un soutien complet pour l'achat d'équipements et les besoins de fonds de roulement. Cette initiative vise à briser les barrières de financement pour les gestionnaires propriétaires, leur permettant d'investir dans de nouveaux équipements, de gérer les fluctuations saisonnières et de tirer parti des opportunités de croissance dans le domaine du commerce de détail en libre-service.
Cantaloupe (NASDAQ: CTLP) kündigt die Einführung von Cantaloupe Capital an, einer neuen Finanzierungsplattform, die in Zusammenarbeit mit Fundbox entwickelt wurde, um kleinen Unternehmen im Selbstbedienungshandel einen vereinfachten Zugang zu Kapital zu ermöglichen. Die Plattform begegnet erheblichen Finanzierungsherausforderungen, mit denen kleine Unternehmen konfrontiert sind, wie die 2024 Federal Reserve Small Business Startup Credit Survey zeigt, die belegt, dass nur 43 % der neu gegründeten kleinen Unternehmen mit Mitarbeitern und 29 % der durch Eigentümer geführten Startups traditionelle Finanzierungen erhalten haben.
Die Plattform bietet zentrale Funktionen wie einen vereinfachten Online-Antragsprozess, schnelle Finanzierungsentscheidungen, transparente Zinssätze, flexible Rückzahlungsbedingungen und umfassende Unterstützung für den Kauf von Ausrüstungen sowie für den Bedarf an Betriebskapital. Diese Initiative zielt darauf ab, Finanzierungsbarrieren für Eigentümer-Betreiber abzubauen, sodass sie in neue Ausrüstungen investieren, saisonale Schwankungen bewältigen und Wachstumschancen im Selbstbedienungsmarkt nutzen können.
- Launch of new revenue stream through financing services
- Strategic partnership with established fintech provider Fundbox
- Expansion of business solutions portfolio addressing key market need
- Potential for increased customer base through improved financing accessibility
- None.
Insights
The launch of Cantaloupe Capital marks a strategic expansion into financial services that could significantly impact Cantaloupe's revenue model and market position. The timing is particularly relevant given current market conditions where small businesses face heightened challenges in securing traditional financing.
The platform addresses a substantial market opportunity, evidenced by the 57% rejection rate for startup businesses seeking traditional financing. By leveraging existing customer relationships and payment processing data, Cantaloupe can potentially offer more competitive rates while maintaining lower risk profiles than traditional lenders.
Key strategic implications include:
- Creation of a new revenue stream through lending fees and interest income
- Enhanced customer retention through deeper financial relationships
- Competitive advantage in the self-service retail space by offering end-to-end business solutions
- Potential for cross-selling additional services to borrowers
The partnership with Fundbox is particularly astute as it allows Cantaloupe to enter the lending space without taking on direct credit risk or requiring significant capital allocation. This capital-light approach could lead to higher margins and returns on invested capital while minimizing potential downside risks.
The integration of lending services with existing payment processing and business management software creates a comprehensive ecosystem that could significantly increase switching costs for customers, potentially leading to improved customer lifetime value and more stable recurring revenue streams.
New Financing Platform Provides Quick, Flexible Capital Access to Help Small Businesses Grow and Succeed
Cantaloupe, Inc., is collaborating with Fundbox to launch Cantaloupe Capital, providing small businesses with streamlined access to capital for expansion through equipment investments and flexible cash flow. (Graphic: Business Wire)
In the self-service retail industry, small businesses often face challenges accessing traditional financing options. In fact, according to the 2024 Federal Reserve Small Business Startup Credit Survey, only
The Cantaloupe Capital offering directly addresses these financing-related pain points by focusing on factors like steady business performance and growth potential. With eligibility criteria tailored to small businesses, the platform ensures that more operators can access the capital they need to thrive.
"The majority of our customers are small and growing businesses, many of them sole proprietors. Cantaloupe understands their need for accessible financing solutions that can help them scale their operations," said Elyssa Steiner, Chief Marketing Officer of Cantaloupe, Inc. "With Cantaloupe Capital, we're breaking down barriers to funding by facilitating quick and easy online access to capital for owner-operators that will allow them to invest in new equipment, manage seasonal fluctuations, and capitalize on growth opportunities in the rapidly evolving self-service retail space."
The Cantaloupe Capital platform offers several key advantages for small business operators:
- Streamlined online application process with rapid funding decisions.
- Transparent, competitive interest rates and flexible repayment terms.
- Comprehensive support for equipment purchases and working capital needs.
- User-friendly interface designed for busy business owners.
“Traditional banks and financing options don’t always meet the needs of startups or growing small businesses,” noted Steiner. "By launching Cantaloupe Capital in collaboration with Fundbox, together we're not only offering a full platform of financial services and products but also offering small business operators a simple and efficient pathway to expand their operations and achieve their business goals."
“We are excited to collaborate with leading platforms like Cantaloupe to empower small business customers with seamless access to capital, helping them unlock new opportunities for growth and success,” said Rina Jariwala, Chief Operating Officer of Fundbox. “As someone from a family of small business owners running vending machines and storefronts, I’ve seen how access to capital can be a game-changer. This collaboration brings innovative solutions to the entrepreneurs who will drive our economy forward.”
The Cantaloupe Capital platform represents a significant expansion of Cantaloupe's comprehensive suite of business solutions, reinforcing the company's commitment to supporting operators across all aspects of their business operations. The platform combines Cantaloupe's expertise in payment processing and business management software with Fundbox’s proven lending capabilities, creating a powerful tool for business growth and success.
To learn more about Cantaloupe Capital, visit cantaloupe.com/capital.
About Cantaloupe Inc.
Cantaloupe, Inc. (Nasdaq: CTLP), is a global technology leader powering self-service commerce. Cantaloupe offers a comprehensive suite of solutions including micro-payment processing, self-checkout kiosks, mobile ordering, connected point of sale systems, and enterprise cloud software. Handling more than a billion transactions annually, Cantaloupe’s solutions enhance operational efficiency and consumer engagement across sectors like food & beverage markets, smart automated retail, hospitality, entertainment venues and more. Committed to innovation, Cantaloupe drives advancements in digital payments and business optimization, serving over 30,000 customers in the
About Fundbox
Fundbox is the pioneer of embedded working capital solutions for SMBs, leading the charge in best-in-class embedded finance offerings since 2015. Fundbox empowers the small business economy by offering fast, simple access to working capital through the digital tools businesses already use. Fundbox has partnered with leading SMB platforms to help over 125,000 small businesses unlock growth with fast, simple access to over
Cashtag $CTLP
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250205421401/en/
Jenifer Howard | 202-273-4246
jhoward@jhowardpr.com
media@cantaloupe.com
fundbox@avenuez.com
Source: Cantaloupe, Inc.
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