Equipifi, a Scottsdale, Arizona-based fintech company providing banks and credit unions with a cloud-based, fully integrated white-label Buy Now, Pay Later (BNPL) solution for their members, announced its official launch with $3 million in seed financing.
The seed round was led by New Stack Ventures, with participation from Revolution's Rise of the Rest Seed Fund, SaaS Ventures, PHX Ventures, and several strategic angel investors.
The funding will go toward expanding product capabilities, continuing to recruit top talent, accelerating equipifi's go-to-market strategy, and enhancing partnerships with banks and credit unions.
Company: EQUIPIFI, INC.
Round: Seed Round
Funding Month: November 2021
Lead Investors: New Stack Ventures
Additional Investors: Revolution's Rise of the Rest Seed Fund, SaaS Ventures, and PHX Ventures
Company Website: http://www.equipifi.com/
Software Category: Financial software
About the Company: equipifi is an innovative fintech company that provides banks and credit unions with Buy Now, Pay Later (BNPL) solutions for their members. The solution fully automates the lending, marketing, messaging, and user experience for banks while reducing friction for consumers who want to utilize the benefits of BNPL. EquipiFi develops financial software designed to remove friction in the payment ecosystem. The company's software offers automatic push Notifications, SMS, and emails, online and mobile banking integration for simple user experience, and dashboard access to real-time visibility in performance and usage, enabling users to buy now and pay later.