[PRESS RELEASE] – SAN DIEGO, Aug. 18, 2025 – FundCanna, the main supply of capital to the regulated hashish business, formally introduced ReadyPaid™, the primary absolutely operational and automatic Purchase Now, Pay Later (BNPL) platform adapted completely for companies within the hashish sector. The platform addresses greater than $4 billion in antisocial receivables around the $35 billion criminal marketplace, giving dealers fast fee and patrons versatile phrases that fit their income cycles.
As hashish firms proceed to battle with restricted banking get admission to and emerging capital prices, ReadyPaid provides a nondilutive, tech-forward answer that improves money waft with out including operational friction. The device delivers credit score selections in underneath 4 mins via computerized compliance and background assessments.
“We constructed ReadyPaid to do something higher than someone else: repair the damaged fee cycle keeping again the hashish business,” FundCanna CEO Adam Stettner stated. “It is transparent hashish is not only dealing with a banking downside; it is dealing with a liquidity disaster. ReadyPaid provides all sides of a transaction precisely what they want: Dealers receives a commission immediately, and patrons get the time they want to pay on phrases that fit their income cycle.”
Functioning as a modernized model of factoring, a financing device lengthy utilized in industries like agriculture, production and retail, the device is helping stabilize money waft and cut back fee possibility. Via embedding this style into hashish, ReadyPaid provides operators the monetary infrastructure to near money waft gaps, scale operations and compete on equivalent footing with companies in additional established markets.
“The hashish business’s unpaid receivables are an existential possibility,” stated Beau Whitney, leader economist at Whitney Economics. “When just about 20% of income is tied up in late bills, operators lose the power to devise, make investments and even continue to exist. An answer like ReadyPaid makes making plans extra predictable and lets in for progressed money waft control. Higher predictability and money control will lend a hand companies all over the price chain, each within the quick run and in the end.”
ReadyPaid is reside in all criminal hashish markets and is already being utilized by operators from MSOs to single-state operators throughout all the provide chain.
How ReadyPaid Works
- Rapid Approvals: Actual-time computerized approval procedure, takes simply mins.
- For Dealers: Quick fee on the level of sale, with out a recourse if patrons default.
- For Consumers: Same old Internet 30 phrases without charge, plus not obligatory six-month installment plans.
- Seamless Integration: Immediately connects with e-commerce platforms and buying groceries carts, enabling transactions to leverage ReadyPaid at checkout.
- Stand-By myself Internet Software: Lets in dealers that don’t have built-in e-commerce and on-line buying groceries carts to provide ReadyPaid to their shoppers.
- Constructed for Hashish: Evolved totally in-house to resolve money waft and accounts receivable problems with options designed particularly for the hashish business.
Since 2022, FundCanna has funded over $200 million to greater than 3,400 hashish consumer recordsdata, with shoppers averaging 74% income enlargement post-funding. FundCanna’s portfolio efficiency is definitely above conventional monetary portfolios because of its distinctive strategy to product construction and underwriting explicit to the hashish business.
