Founder & CEO recognized for creating mobile payments platform and for involvement in greater Philadelphia community
Cliff Canan, founder and CEO of Nooch, has been named one of Philadelphia’s top “40 Under 40” by the Philadelphia Business Journal.
Canan created Nooch so he could pay back friends immediately without having to hike to an ATM or write out a check. Canan got started by winning the annual elevator pitch competition at Duke University shortly before graduating. Under Canan’s leadership, Nooch then won Drexel University’s Baiada Incubator competition and was named “Innovator of the Year” runner-up by Region’s Business last October.
Canan managed all aspect of Nooch’s initial development, and has become a sought-after speaker on the complex regulatory framework around mobile payments in the US. Canan was a featured speaker at the Chicago Federal Reserve’s Payment Symposium, an invited “faculty member” at a 2013 Mobile Payments Law Seminar, and has presented at several industry conferences. A self-trained programmer, Canan loves to learn and has held nearly every role at Nooch from web developer & designer to compliance officer & recruiter.
The 40 Under 40 award recognizes the region’s most dynamic up-and-comers for professional excellence and contributions to their community. Philadelphia Business Journal looks for candidates that have demonstrated business success, career growth, leadership ability, and community involvement. This year’s crop was selected from a competitive group of 225 nominations.
Canan is an active board member of the Philadelphia Children’s Foundation, which offers programs dedicated to helping disadvantaged students develop needed career skills and providing them with resources to make positive life choices and improve their communities. PCF’s “Computers in Hand” program collects, rehabs, and distributes hundreds of computers to children in the Philadelphia School system, most of whom have never had a computer at home. By focusing on technology literacy and using a career-centered approach to spark student’s curiosity, PCF empowers students to follow their own passions and imagine the possibilities.
Canan is also a violinist in the Roxboro Community Orchestra. The orchestra was founded in 2003 by Canan’s long-time teacher, Giuseppe Agnello, as a nonprofit in order to give back to the neighborhood and keep adult musicians connected to thier instruments. Canan – who also plays the tenor saxophone – began playing the violin when he was 5 and has performed with the Orchestra in concerts across Philadelphia for the past 4 years.
When not reading up on state Money Transmitter laws, Canan is a ambidextrous ping-pong player, a colorful rhetorician, a hardened Phillies fan, an Eagle Scout, mobile payment evangelist, and Chip Kelly believer.
This year’s 40 Under 40 class will be honored at a dinner at the Crystal Tea Room in the Wannamaker Building in May. Each winner will also be profiled in a supplement to the Philadelphia Business Journal.