Canaccede is a Canadian specialty finance business with flexibility across the credit spectrum to acquire all segments in the consumer receivables market. We directly manage assets across multiple product classes, and we are the preferred partner for financial institutions and companies facing debt management challenges requiring creative solutions.
- Founded: 2008
- Headquarters: Toronto, Ont
- Operations: London, Ont
- Management: 200+ Years
- Employees: 50+
- Assets Owned: $4.1bn+
- Accounts: 660K+ Owned
- $548mm+ bulk from a Canadian Bank
- $415mm+ bulk from a Canadian Bank
- $128mm+ forward flow and bulk from a Canadian Bank
- $238mm+ forward flow from a Non-Prime Card Issuer
- $900mm+ forward flow from a Canadian Bank
- $853mm+ from a Canadian Bank
- $1.31bn+ forward flow from a Non-Prime Card Issuer
- $45mm+ forward flow from a Non-Prime Credit Union Issuer
- $40mm+ bulk from a US Retail Bank
- $37mm+ from a US Investment Bank
Canaccede possess deep expertise in both valuing and operating alternative assets. This combined capability allows us to blend the economics of opportunities and price assets as a strategic acquirer as opposed to solely transactional investment buyer. This ensures an optimized return profile for both Canaccede and our partners.
Canaccede helps institutions optimize their capital and better manage their balance sheets by purchasing and/or servicing a broad range of their consumer finance assets. We monetize non-core segments of a company’s receivable base that are deemed non-strategic or require excess capital reserves resulting in dilution to return on equity. The company can implement customized solutions that boost earnings, improve capital ratios, reduce volatility, and enhance their lending capacity.
Unlike a traditional debt buyer, we partner with financial institutions and credit originators to develop creative solutions that meet their unique requirements. These can include customized software platforms or servicing divisions for a specific FI requirement.
We are well funded and are able to complete transactions of any size across the full spectrum of consumer finance assets.
We bring responsive and flexible execution that meet your needs. This can include year-end transactions with short delivery time frames or ongoing purchase commitments which provide price certainty and insulates the FI from economic and performance risk over long horizons.
We are well funded and have the ability to complete transactions of any size across the full spectrum of consumer finance assets.
Canaccede supports various transaction types:
Discount rate arbitrage:
Assets that require full capital allocation against them need to be discounted at FI ROE rates, whereas Canaccede can purchase these at lower unlevered discount rates.
This allows the financial institution to maximize its capital and manage its loss provisions for stability and consistency from period to period.
Non-strategic business divestiture:
Products, geographies, or risk segments which the bank deems are no longer strategic can be monetized without the associated operational risk.
Buy or sell side transaction partnership on unqualifiable assets:
By partnering during M&A transactions, companies are able to ensure optimal pricing and provide value to price dilutive segments.
While we focus on Canadian assets, our network of international partners allows us to monetize non-Canadian assets as well.
Canaccede is the only fully-integrated debt management service and purchasing provider in Canada. Key to our success is our approach to debt management:
- We do not outsource account administration
- We do have a vested interest in optimizing the value from accounts
- We do protect your brand at all costs
Canaccede is able to customize the delivery of business process solutions across the customer lifecycle including:
- Software Platform Development and Implementation
- Process Design and Implementation
- Human Capital and Staffing Centralization Engagements