# Canopy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canopy-2

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.canopy.im/
- Total disclosed funding: $0.7M
- Latest round: Seed (Nov 4, 2025)
- Investors on record: 4

## About

Canopy, Inc. was founded in 2024 in Seoul, South Korea. The company offers salary advance services to employees, facilitating early access to earned wages while leveraging GPS technology for verification. The founder's prior ventures are not mentioned. Canopy has completed one deal, with the most recent funding round occurring on June 25, 2025.Canopy offers a salary advance service that allows employees to withdraw earned wages prior to their scheduled payday. This service addresses financial stress for workers by providing immediate access to funds they have earned, thus enhancing their liquidity. Employees can request salary advances through Canopy's mobile application, which verifies work hours and locations via GPS technology. The service alleviates the burden of waiting for paydays, granting users greater financial freedom and reducing economic stress. Canopy primarily serves employees across various sectors in South Korea, enhancing satisfaction and retention for businesses that implement this service.Canopy's revenue model is based on transaction fees associated with its salary advance service. When employees request an advance, Canopy processes these transactions through its mobile application. Client companies, which include various employers from different industries, can offer this service to their employees, promoting financial wellness without hidden costs. The transaction structure is straightforward, allowing access to earned wages without incurring debt, as the service does not operate as a loan. Revenue is generated through transaction fees collected from employers or employees, supporting the company's financial sustainability while providing essential support to users.On June 25, 2025, Canopy, Inc. raised an undisclosed amount of Seed funding from Seoul Technology Holdings. The company plans to utilize this funding to enter Southeast Asian markets. Details on upcoming products or specific dates for launches have not been disclosed.

## Funding rounds

- Seed, Nov 4, 2025, $0.7M — Smilegate Investment, Magellan Technology Investment, CNT Tech
- Seed, Jun 25, 2025 — Seoul Technology Holdings

## Investors

- Seoul Technology Holdings (https://capitalatlas.ai/funds/seoul-technology-holdings) — Seed
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Seed
- Magellan Technology Investment (https://capitalatlas.ai/funds/magellan-technology-investment) — Seed
- CNT Tech (https://capitalatlas.ai/funds/cnt-tech) — Seed