FISPAN Raises $30M Series B to Lead the Future of Embedded ERP Banking

FISPAN, a leader in embedded ERP banking, has secured $30 million in Series B funding led by Canapi Ventures. This strategic investment will supercharge the company’s ability to integrate banking services directly into ERP and accounting systems, improving financial workflows and experiences for mid-market and enterprise clients alike.

Bridging the Gap Between Banks and Businesses

The Market Context

• Traditional banks have long invested in APIs and host-to-host connections to support enterprise banking needs.
• Despite this, mid-market and smaller businesses remain underserved due to integration complexities.

FISPAN’s Role

• Offers plug-and-play ERP banking integrations through intuitive, in-ERP plugins.
• Translates complex bank connectivity into accessible financial tools for businesses of all sizes.

Key Benefits for Businesses Using FISPAN

1. Centralized Financial Workflows

• Integrates finance operations directly within ERP systems.
• Eliminates fragmented processes and enhances efficiency.

2. Automated Payment Processes

• Reduces time-consuming manual tasks like payment approvals.
• Enables faster and more cost-effective financial operations.

3. Reduced Operational Risk

• Direct integrations minimize data entry and human error.
• Increases accuracy and compliance across banking operations.

Seamless ERP Integrations

FISPAN supports integration with leading ERP and accounting platforms:

• Oracle NetSuite
• Sage Intacct
• Microsoft Dynamics 365 Business Central

These integrations streamline key functions including:

• Accounts Payable and Receivable
• Cash Management
• Reconciliation and Reporting

Strategic Vision Backed by Funding

Leadership Commentary

• Lisa Shields, CEO & Founder, emphasized the transformative impact of this investment on innovation and market expansion.
• Recognized Canapi Ventures’ alignment with FISPAN’s mission and banktech expertise.

Board Expansion

• Tom Davis, General Partner at Canapi, joins FISPAN’s Board of Directors, bringing strategic insight and deep industry experience.

How the $30M Investment Will Be Used

1. Accelerating Product Innovation

• Deepen AI integration and ERP platform compatibility.
• Build out full-stack treasury management capabilities.

2. Expanding Market Presence

• Grow sales, marketing, and partner relationships.
• Focus on geographic and vertical expansion.

3. Hiring Top Talent

• Recruit high-performing product and customer success teams.
• Support rapid scaling and customer-centric growth.

FISPAN’s Series B funding marks a pivotal milestone in redefining how businesses interact with banks. With enhanced product capabilities and a growing network of banking partners, the company is poised to set a new standard in embedded finance and ERP banking integration.