FISPAN, the embedded banking platform that brings financial services directly into ERP systems, has raised $30 million in Series B funding, led by Canapi Ventures. This strategic round underscores rising investor confidence in the future of contextual finance, where banking seamlessly integrates into the systems businesses already use.

Founded by Lisa Shields, FISPAN is bridging a long-standing gap in B2B financial workflows. Rather than forcing businesses to toggle between platforms, FISPAN embeds the bank’s capabilities directly into enterprise software - streamlining everything from payments to reconciliation to cash management.

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What Does FISPAN Do?

FISPAN enables banks to offer embedded financial services inside popular ERP and accounting systems like NetSuite, Microsoft Dynamics, and SAP. With FISPAN, commercial clients can:

• Initiate payments, manage approvals, and reconcile accounts directly within their ERP
  
• Gain real-time visibility into bank balances and transaction statuses
  
• Automate workflows like invoice payments and treasury ops without platform switching
  

This approach drastically improves client experience, reduces errors, and accelerates workflows - making it a win for both banks and their business customers.

By positioning itself as the bridge between financial institutions and enterprise systems, FISPAN is helping banks stay competitive in a digital-first economy while giving businesses the tools they actually need.

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Embedded Finance: The Quiet Revolution in B2B Banking

Embedded Finance: A High-Growth Opportunity in B2B

The embedded finance market is expected to skyrocket from $58 billion in 2023 to over $248 billion by 2032, with B2B services accounting for a significant portion of that growth, according to Juniper Research.

Within this, embedded banking - where financial functionality is built into non-financial software - is projected to reach $138 billion in annual revenue by 2026, driven by the surge in API-first infrastructure and cloud ERP adoption.

Banks are under pressure to modernize commercial services. A recent McKinsey report notes that 73% of commercial banking clients now expect embedded, self-service experiences inside their daily operational tools - not in external banking portals.

FISPAN’s model fits perfectly into this demand shift, allowing banks to deliver modern fintech-like experiences without reinventing their core systems.

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Why FISPAN’s Series B Matters

This $30 million raise isn’t just a win for the company - it’s a validation of infrastructure-first fintech strategy.

FISPAN isn’t building its own bank. It’s not offering end-user products. It’s quietly becoming the connective tissue that powers banking from within - offering banks a ready-made solution to stay relevant in the age of APIs and automation.

That strategic positioning is what caught the attention of Canapi Ventures and other institutional investors. FISPAN didn’t try to own the entire stack - it focused on amplifying what banks already have and making it work better inside business workflows.

And here’s the founder insight that changes the game: you don’t always have to own the experience to own the value. FISPAN made a conscious decision to stay invisible in the ERP interface - not because they couldn’t brand themselves, but because they knew the real power was in making the bank look better, feel more modern, and function like part of the enterprise’s core stack.

Most early-stage founders obsess over attribution - how to get credit, how to build recognition. But the truth is, the fastest-growing companies in mature B2B markets aren’t the ones users remember. They’re the ones partners can’t live without.

If you’re building infrastructure, your value isn’t in visibility - it’s in velocity. Make your product so frictionless, so baked-in, that removing it feels impossible. That’s when you stop being a tool… and start being part of the system.

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Market Trends: Fintech Infrastructure Is Booming

Fintech infrastructure has seen record growth over the last five years. According to CB Insights:

• Infrastructure-focused fintech startups raised over $9 billion in 2023, up 34% year-over-year
  
• Banking-as-a-Service (BaaS) and embedded finance are among the top investment categories
  
• Banks with embedded API ecosystems report 2.5x higher enterprise client retention
  

Additionally, a Deloitte study forecasts that more than 80% of enterprise transactions will involve embedded finance in some form by 2030, with banking APIs playing a key role in B2B digitization.

FISPAN’s position as a white-label, ERP-native banking integration makes it a prime enabler of this shift - helping financial institutions upgrade from siloed services to embedded ecosystems.

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What’s Next for FISPAN?

With its Series B capital, FISPAN plans to:

• Expand support for mid-market and Tier 1 banks in North America and Europe
  
• Deepen ERP integration capabilities, including AI-driven reconciliation tools
  
• Extend its developer experience and white-labeling features for banks
  
• Invest in security, scalability, and enterprise compliance infrastructure
  

The company also aims to publish new benchmarks on embedded finance adoption across industries - solidifying its role not just as a tech provider, but as a thought leader in the future of enterprise banking.