February 1, 2016
By Bob Coleman
Editor, Main Street Monday
Main Street Monday — Can Capital Surpasses $5 Billion in Small Business Fundings
Daniel DeMeo is CEO of CAN Capital, the market share leader in alternative small business finance. He has held this position since early 2013, after joining the company as CFO in 2010.
During his tenure, DeMeo has led CAN Capital to continued growth and profitability as the company strengthens its position at the forefront of the financial technology industry. During the past five years, CAN Capital has grown originations by 29 percent (CAGR) and revenue by 24 percent (CAGR), with commensurate growth in earnings. It has also experienced a 600 percent increase in its digital business since 2014.
In 2015, CAN Capital reached the significant milestone of providing small businesses with access to more than $5 billion of working capital, more than any other company in the space. To date, CAN Capital has facilitated more than 156,000 small business fundings in more than 540 unique industries.