Canapi Ventures

This past April, we had the pleasure of hosting and connecting with over 150 innovators, creators, and pioneers at Canapi’s third in-person Canapi Alliance Summit, held at Manhatta in New York City. The event underscored the incredible strength of the Canapi Alliance network, and we're thrilled to share several key takeaways in our latest blog post: https://lnkd.in/gYpjUWDY. Throughout the day, we explored the current dynamics of the private markets, outlined our strategic priorities for the coming years, and provided comprehensive updates on our funds and team. What truly resonated, however, were the engaging and thought-provoking discussions across various panels and presentations, coupled with the insightful interactions we enjoyed with our LPs and portfolio companies. A heartfelt thanks to everyone who made the summit such a spectacular day!

Blooma CRE's CEO, Shayne Skaff, highlights an often-overlooked headwind facing the CRE industry - the ability for companies to embrace innovation and a growth mindset. 

Thank you to all that joined our "Fintech & Friends" happy hour at Make Believe last week during #NYFintechWeek. Special shout out to our co-hosts (and friends) Canapi Ventures and Live Oak Bank. Our event was one of many highlights in NYC - others included investor breakfasts, networking events, and portfolio company meetups. See you next April, #NYFintechWeek! #teamttv cc: Lizzie Guynn, Neil Kapur, Gardiner Garrard, Sean Banks, Laney Lewis, Emily Keener Silverman, Harrison Kioko, Erin Welker, CMP

📢📢📢  Announcing the industry's first Summit on cash flow underwriting! With credit bureau data murkier than ever (credit builder products, soft inquiry data, BNPL, etc), we’re seeing the market turn quickly to invest in data-driven strategies to unlock responsible growth. Innovations across open banking, cash flow underwriting, and consumer lending regulations (1033) are outpacing most organizations' consumer lending practices, and it’s frankly not discussed in sufficient depth at industry conferences. We see it as part of our mission at Nova Credit to accelerate adoption of new data sources that enable lenders to make better credit strategy decisions and support fair and incremental credit access. As such, we are proud to announce the Cash Flow Underwriting Summit 2024 on September 12, an inaugural assembly of credit industry leaders dedicated to exploring and advancing the use of cash flow underwriting in lending. This forum will address topics across the evolution of open banking, review actionable use cases gaining traction today, and preview regulatory shifts. I’m honored to be speaking alongside some of the leading minds that have shaped and are actively molding the future of lending: Kenneth Lin, Gene Ludwig, Jennifer Tescher, John McNamara, Eileen Serra, Hans Morris, Sarah Davies, Ph.D., Brian Hughes, and Paul LaRusso. This forum and speakers - plus many more to be announced - will give lenders the knowledge to stay ahead of the curve when it comes to cash flow underwriting. The summit is open to senior executives of lending institutions, and we invite organizations in the space to apply. https://lnkd.in/e8DBh8MF

 🎉Congratulations to Alloy, Capitalize, Fireblocks, Middesk, and MX for making Forbes’ Fintech 50 list! 🏆 Canapi’s portfolio accounts for an impressive 10% of the list! 💪Onward and upward! 🚀 https://lnkd.in/e7Mv3397

 🔒🌐Join Thoropass and DynamoFL on March 4th, 1 pm ET for a crucial discussion: "Can we risk waiting? Understanding safety and security in AI." This session will explore current and future AI regulations, the impact on infosec compliance, and more. Don't miss out! Register now:  https://lnkd.in/gG59p3Gy See you there!

It’s no secret that the commercial real estate (CRE) market is under pressure, and bank regulatory agencies have taken notice. Although these agencies have maintained a standard set of requirements and best practices for effective management of CRE portfolios, recent communication from various agencies have expressed new concerns and suggested new guidance. Most recently, the SEC expressed concern to regional and community banks about the quality of reporting on their commercial real estate portfolios, urging more detailed information, but many banks cited limitations in data processing capabilities for complying with the requested granularity. This prompted Canapi to revisit the guidance in total, and in our latest post, “Managing CRE Portfolio Risk in a Downturn,” we share several takeaways for banks considering aspects of CRE portfolio management, portfolio stress testing, and market monitoring and analysis, as well why Blooma CRE should be front and center in the minds of banks as they strive to strengthen their capabilities in these areas. Read the full article here: https://lnkd.in/gXswBrc4

Fraud has become an increasingly challenging problem for banks in the past few years. But just how big a problem it is has been hard to measure. Fortunately, Alloy has a Fraud Benchmark Report that breaks down everything from the number of attacks banks are seeing to what types of fraud are most prevalent.

The banking industry is navigating through a period of tremendous pressure and uncertainty. The Federal Reserve’s aggressive rate hike cycle, compounded with high-profile bank failures, has led to the most aggressive deposit runoff from the sector in modern history. Since Q1 2022, over $1 trillion, roughly 7% of the total deposit base, has left the banking sector. The deposit runoff has disproportionately affected regional and community banks, which are more prone to stability concerns than “too big to fail” FIs. Importantly, these institutions lack access to a tech-enabled, low-friction deposit management platform – critical infrastructure needed to serve large consumer and commercial depositors. That is why we're so excited to announce our investment in ModernFi, a cutting-edge deposit network built on a modern tech stack that enables banks and credit unions to seamlessly reciprocate, broker, and sweep deposits! With MordernFi, banks and credit unions now have access to an API-first, cloud-native deposit platform that streamlines onboarding and operations. The platform is elegantly designed with the sole purpose of increasing utilization of key deposit programs, which ultimately better serve and retain the customer that might otherwise go to the largest banking institutions or leave the banking sector entirely. We couldn’t be more excited to partner with ModernFi alongside Canapi Alliance banks Huntington, First Horizon, and Regions, and investors Andreessen Horowitz and Remarkable Ventures, as they transform the way community and regional banks grow, manage, and retain deposits. Read more at: https://lnkd.in/e84MX92Y

Today we are very excited to announce the raise of our $750 million Fund II. With this raise, we bring our total assets under management to over $1.4B, allowing us to continue to support the most innovative entrepreneurs and companies with a shared mission of creating a more inclusive and equitable financial ecosystem. Read more from Lucinda Shen in Axios Pro: https://lnkd.in/en3jb2rf