Canapi Ventures Leads Funding Round to Accelerate FISPAN's Growth

FISPAN, a renowned provider of embedded ERP banking solutions, has successfully closed a $30 million USD Series B funding round. The investment, led by Canapi Ventures, aims to fuel the company's mission of seamlessly integrating banking services directly into businesses' enterprise resource planning systems and accounting software. By packaging connectivity capabilities, FISPAN enables banks to distribute their treasury products to mid-market and smaller businesses through an easy-to-install, in-ERP plugin.

This funding marks a pivotal moment for FISPAN, empowering them to significantly scale their innovation and market reach. With Canapi's support, FISPAN aims to help more treasury teams optimize their operations. In addition to the investment, Tom Davis from Canapi Ventures will join FISPAN's board of directors, further driving the company's expansion.

FISPAN's track record in delivering embedded finance solutions positions them for tremendous growth, reflecting Canapi's confidence in their visionary team and leading platform. Founded in 2016, FISPAN has consistently provided innovative ERP banking solutions, streamlining financial workflows and enhancing efficiency for businesses of all sizes. Canapi Ventures, a multi-stage venture capital firm, brings unmatched sector experience and connections to founders, with a network of over 70 leading financial institutions across the United States.