FISPAN, an industry leader in embedded ERP banking solutions, announced that it has closed $30 million in Series B funding led by Canapi Ventures. This new funding will advance FISPAN’s mission of seamlessly integrating banking services directly into businesses’ enterprise resource planning (ERP) systems and accounting software.
For many years, banks have invested in host-to-host and API platforms, enabling large enterprises to reap the productivity benefits of connecting directly to their financial institutions. And FISPAN packages those connectivity capabilities and enables banks to distribute their treasury products to mid-market and smaller businesses via an easy-to-install, out-of-the-box, in-ERP plugin.
Utilized by the world’s largest banks and nearly 5,000 businesses across North America, FISPAN enables banks to deliver modern, integrated client experiences by embedding key financial and banking capabilities directly into their existing ERP system or accounting software. For businesses, this means:
1.) Centralized Financial Workflows – Integrating financial transactions and operational workflows into a single system, eliminating inefficiencies and disconnected processes
2.) Automated Processes – Built-in automation streamlines routine tasks such as payment initiation and approval processes, saving time and lowering costs
3.) Less Manual Errors – Direct ERP integrations minimize manual uploads and data entry, improving accuracy and minimizing operational risk
Through seamless API integration with systems such as Oracle NetSuite, Sage Intacct, and Microsoft Dynamics 365 Business Central, banks can offer contextual solutions that streamline payables, cash management, and reconciliation.
How the funding will be used: This new funding will enable the advancement of several key growth opportunities, including accelerated product development, expanded market reach, and strategic talent acquisition.
New board member: In connection with the investment, Tom Davis from Canapi Ventures will join FISPAN’s board of directors.
KEY QUOTES:
“This Series B funding is a pivotal moment for FISPAN, empowering us to significantly scale our innovation and market reach. Canapi quickly distinguished themselves through their understanding of the embedded ERP banking landscape and our unique opportunity within it. With an LP network of over 75 financial institutions—and partners with banktech operating expertise — Canapi is a natural partner for our next chapter. We’re excited to work with Canapi to help more treasury teams optimize their operations.”
Lisa Shields, CEO & Founder at FISPAN
“FISPAN is at the forefront of a fundamental shift in how businesses interact with their banks. Their proven ability to deliver highly sought-after embedded finance solutions positions them for tremendous growth. Our investment reflects our confidence in their visionary team and their capacity to build a leading platform that drives efficiency and value for both financial institutions and their corporate clients.”
Tom Davis, General Partner at Canapi
