Capital Access Network Moves Headquarters to New York City's Silicon Alley, Driven by Demand for Increased Financial Technology Innovation

NEW YORK--(BUSINESS WIRE)--

Capital Access Network, Inc. (CAN), a next-generation small business finance company, has moved its corporate headquarters to New York City's Silicon Alley as it continues to accelerate its commitment to technology innovation and providing small businesses with access to the working capital they need to grow. Aligned with its own compelling growth and Accel Partners' recent $30 million investment, CAN's move maximizes its ability to attract top technology talent while in close proximity to Manhattan's financial markets.

In conjunction with CAN's corporate relocation to New York City, Scott Blum has joined the company as chief marketing officer (CMO) from Intuit where he most recently served as global payments leader. In this role, Blum led Intuit's efforts to expand mobile payment offerings to North America, Europe, and APAC markets. Prior to that, Blum served as Intuit's director of marketing in which he led all marketing for Intuit's payments division. Intuit is the leading provider of business and financial management solutions for SMBs.

“Capital Access Network is committed to fostering a corporate culture of innovation which is made possible by attracting and nurturing top talent in the fields of technology and finance. As such, moving our headquarters to the heart of New York City will allow us to directly interact with the vibrant small business community which we serve while also growing and retaining our employees,” said Glenn Goldman, chief executive officer, Capital Access Network. “Completely focused on becoming one of America's most progressive financial services companies, we're excited to welcome such a talented and experienced marketer like Scott Blum to our team. As we continue expanding our team and technology capabilities, Silicon Alley's entrepreneurial spirit and depth of technology talent is an ideal fit in helping fuel our growth.”

With its move to West 14th Street in New York's Meatpacking District, CAN becomes part of the East Coast's power community with brands like Accel Partners and Google. Its new office space, which is double the size of its previous corporate headquarters space in Scarsdale, N.Y., encompasses 8,000 square feet and houses some of CAN's top executives, including CEO Glenn Goldman and CMO Scott Blum. In addition, the corporate office will accommodate the company's rapidly-expanding digital team, which is focused on bringing CAN's working capital to underserved small businesses via the Internet.

In addition to CAN's New York headquarters, the company also has a significant presence in Boston, Atlanta and San Jose, Costa Rica. CAN employs over 400 people across all offices, with the majority focused on data services technology and analytics.

About Capital Access Network, Inc.

Since 1998, Capital Access Network, Inc. (CAN) has provided small businesses access to $2.5B in working capital through its subsidiaries, NewLogic Business Loans, Inc. and AdvanceMe, Inc. CAN's award winning technology platform automatically evaluates a multitude of business performance variables by integrating big data from firmographic, banking, and credit card processing sources with proprietary risk models built from over 100,000 transactions over multiple business cycles in over 650 SIC codes. This enables CAN to have unparalleled insight into the strength of the business and provide access to capital based on business performance rather than personal credit scores of the business owners. CAN also supports small business finance providers desiring more finance options for their own customers in the U.S. and internationally. All business loans obtained through NewLogic Business Loans are made by WebBank, a Utah-chartered Industrial Bank, Member FDIC.