In this episode i speak with Adam Stettner CEO of FundCanna and cover a range of issues including
Serving the Under Served
Banks, Risk & Cannabis
FinTech Banking, Risk & Cannabis
15K Banks In The US – Adam tells us how many banks actually bank cannabis
and yes SAFE Banking … action or posture politics?
and yes 280e!
Cannabis regulation & tax ….the opposite of intent
FundCanna’s cannabis banking data
Client retention at 300%!!
After 14 years of creating, running and growing Reliant Funding into one of the largest small business funding companies in America, Adam Stettner saw an opportunity to create product for another under served segment: The Cannabis Industry. In September of 2021 Adam founded FundCanna, a financial services company focused on the financial needs of the Cannabis sector. Cannabis is one of the fastest-growing industries in the United States. All industries need access to capital, Cannabis in particular. FundCanna makes it easy for all segments of the Cannabis industry to access flexible capital solutions.
The team at FundCanna has provided businesses nationwide with access to funding for nearly 20 years. Nobody has more experience creating and servicing financial products for underserved clients than Stettner and his team at FundCanna. Together they have provided over $6 Billion to over 200,000 unique businesses nationwide and have looked at over 1 Million small business files and their financials. Further Stettner and his team have funded an additional $14 Billion to individual borrowers in the form of education loans.
FundCanna exists to empower cannabis companies and their related vendors, giving them more control over cash flow by providing access to simple and flexible financing solutions.
Previously, Adam was the founder and CEO of Reliant Funding, widely acknowledged as a leading provider of funding to small and medium sized business. Under his leadership, Reliant Funding had been recognized as one of the nations fastest growing companies by Inc. Magazine making their prestigious Inc. 500/5000 list 7 years in a row.
Adam has been awarded Most Admired CEO finalist by San Diego Business Journal for five years running and made their 500 Most Influential Business Leaders list from 2016-2022. In addition, he won Ernst & Young’s prestigious Entrepreneur of the Year for San Diego in 2019 and was a top-three finalist for the EY EOY North American Award.
