Equipifi, a fintech platform that allows banks and credit unions to power flexible payment options within their digital banking experiences, announced the close of a $34 million Series B round led by Left Lane Capital, joined by participation from existing investors Curql, PHX Ventures, and others. This latest round elevates equipifi’s fundraising total to $49 million and will be used to expand the platform, further develop product offerings and grow the team.
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Equipifi, which wants to help financial institutions compete in the ever-expanding buy now, pay later (BNPL) space by embedding installment payments directly into trusted banking relationships instead of partnering with third-party fintech providers, noted that consumers’ use of bank-embedded flexible payments grew more than threefold in just one year. “BNPL has become the third pillar of how consumers pay alongside debit and credit, and that shift is permanent,” said Bryce Deeney, Founder and CEO of equipifi. The company plans to use the new funding to expand partnerships with financial institutions and strengthen its product and engineering capabilities as it scales its payments network.
