FISPAN

What FISPAN does

FISPAN is a Vancouver-based fintech founded in 2016 by Lisa Shields (previously founder of Hyperwallet, acquired by PayPal in 2018) that builds an embedded ERP banking platform connecting banks directly to accounting and ERP software. The company's core technology provides two-way bank-to-ERP synchronization, replacing unreliable screen-scraping with direct bank connectivity for bank feeds, accounts payable automation, accounts receivable matching, and cash management. FISPAN integrates natively with six major platforms (Oracle NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, QuickBooks Online, Xero, and Workday) and supports ACH, wire, SEPA, Bacs, CPA, EFT, and virtual card payment rails across the US, Canada, UK, and Europe.

The company's product suite is organized around four core families: Accounts Payable (vendor payments, employee reimbursements, positive pay fraud prevention, remittance emails), Accounts Receivable (AI-assisted deposit-to-invoice matching), Cash Management (balances, transactions, book transfers), and Bank Feeds (direct reconciliation). Each is delivered as native ERP functionality or via FISPAN's Companion Portal. The platform is SOC 2 Type 2 and ISO 27001/27002 certified. At scale, FISPAN reports $100 billion+ in annual payment volume across 5,000+ businesses and 40,000+ connected bank accounts, with 13+ major bank partners (BMO, TD Bank, J.P. Morgan, Wells Fargo, PNC, Silicon Valley Bank, KeyBank, MUFG, Santander, Citizens, City National, Commerce, and Customers Bank) embedding FISPAN-powered solutions such as BMO Sync, TD Embedded Banking, PNC Pinnacle Connect, SVB Go Link, and KeyBank ERP Plugin.

FISPAN generates revenue primarily through licensing/subscription fees charged to bank partners (who then offer the embedded banking experience to their business clients) combined with transaction-based fees on payments processed through the platform. Distribution is multi-channel: bank partners serve as the primary enterprise channel, ERP consultants and VARs (Salora ERP, eXponential Consulting) drive mid-market and SMB adoption, and direct enterprise sales target large accounts. The company is privately held, backed by Canapi Ventures, JP Morgan Chase, Rhino Ventures, BDC, FINTOP Capital, and Panache Ventures, with $41 million in Series B funding raised in June 2025 and a London office supporting UK/European expansion.

Name

FISPAN

Legal name

FISPAN Services Inc.

Website

https://fispan.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

FISPAN is a Vancouver-based fintech founded in 2016 that provides an embedded ERP banking platform connecting banks directly to accounting software (NetSuite, Sage Intacct, Microsoft Dynamics, QuickBooks, Xero, Workday). It serves 5,000+ businesses and 13+ bank partners including BMO, TD Bank, and J.P. Morgan, with $100B+ in annual payment volume.

Ownership category

akta.pro rank

Product category

Embedded Banking Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199)

akta.pro primary industry

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)

akta.pro secondary industry

ERP Implementation & Systems Integration Services (BPAEAGAA)

Keywords

• Embedded banking
• ERP banking platform
• Bank feeds automation
• Accounts payable automation
• Bank-to-ERP integration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Platform/Subscription Licensing: FISPAN provides its embedded banking platform to bank partners who then offer it to their business clients. Revenue likely generated through licensing fees charged to bank partners, potentially tiered by transaction volume or features.
2. Transaction-Based Fees: Processing payments and transactions through the platform generates transaction fees. TD Bank partnership mentions 150 large customers processing over $2 billion in payments through more than 200,000 transactions.

Go-to-market motion4 records

Distribution channels4 records

Marketing channels8 records

Core offering

FISPAN provides an embedded ERP banking platform that enables direct, two-way synchronization between banks and ERP/accounting software (Oracle NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, QuickBooks Online, Xero, Workday). The platform supports accounts payable, accounts receivable, cash management, and bank feeds, allowing banks to deliver payment processing, reconciliation, and cash management capabilities directly within their business clients' financial systems of record.

Product overview

FISPAN is an embedded ERP banking platform that bridges the gap between banks and ERP/accounting software. The platform operates as a unified solution with four core product families: Accounts Payable (including vendor payments, employee reimbursements, positive pay, and remittance emails), Accounts Receivable (AI-supercharged automation), Cash Management (balances, transactions, and book transfers), and Bank Feeds (direct reconciliation). The platform also includes a Companion Portal as an alternative interface. FISPAN integrates natively with Oracle NetSuite, Sage Intacct, Microsoft Dynamics 365 Business Central, QuickBooks Online, Xero, and Workday, and partners with major banks including BMO, Citizens Bank, J.P. Morgan, KeyBank, TD Bank, Wells Fargo, PNC Bank, and others to deliver embedded banking experiences.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts Payable FISPAN's flagship embedded banking solution that brings the bank's official payables capabilities directly into the customer's ERP or accounting software. Transforms accounts payable processes with automated payment workflows, vendor payments, employee reimbursements, positive pay fraud prevention, and remittance advice emails. Designed for business clients of partner banks.
• Accounts Receivable AI-supercharged automation solution for receivables teams that eliminates manual matching of deposits to open invoices through automated intake and matching. Designed to save 5-10 hours per week and reduce Days Sales Outstanding (DSO), operated inside the ERP with bank-grade safety.
• Cash Management Embedded cash management solution that brings bank portal functionality directly into the ERP. Includes balances and transactions viewing, book transfers, and multi-entity management for subsidiaries, enabling businesses to manage cash positions without leaving their accounting software.
• Bank Feeds Direct bank feeds solution providing reliable, secure flow of transactions from the bank to the ERP reconciliation module. Eliminates bank statement formatting, manual imports, and unreliable third-party screen-scraping connections by partnering directly with banks.
• SVB Go Link Silicon Valley Bank's embedded banking solution powered by FISPAN. Connects SVB banking services directly into the customer's ERP system, providing bank feeds, vendor payments, balances and transactions, and remittance advice emails for SVB business clients.

Quantifiable outcome

• Reduces time spent on payment and reconciliation tasks by as much as 90%
• +5 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability7 records

Feature8 records

Partnerships

17 partnerships are on record, tiered core and minor.

• TD BankcoreTechnology or Integration · 1 June 2026TD Bank partnered with FISPAN to embed commercial banking products into ERP and accounting software, enabling business clients to process payments and reconcile accounts directly within their financial systems. About 150 large customers processing over $2 billion in payments through more than 200,000 transactions.
• WorkdaycoreTechnology or Integration · 10 March 2026TD Bank, in partnership with FISPAN, integrated banking services into HR software Workday, enabling clients to process payments and reconcile accounts directly within the platform. FISPAN enables TD to become one of the first US banks to deliver bank feeds directly within the ERP platform.
• BMOcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution (BMO Sync) for business clients to integrate banking services into their ERP/accounting software.
• J.P. MorgancoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution for business clients to integrate banking services into their ERP/accounting software.
• Wells FargocoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution for business clients to integrate banking services into their ERP/accounting software.
• PNC BankcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution (PNC Pinnacle Connect) for business clients to integrate banking services into their ERP/accounting software.
• Silicon Valley Bank (SVB)coreTechnology or IntegrationBank partner offering SVB Go Link - FISPAN's embedded banking solution connecting SVB banking services directly into ERP systems for reconciliation and accounts payable automation.
• KeyBankcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution (KeyBank ERP Plugin) for business clients. Case study with National Foods Packaging demonstrates streamlined financial operations.
• Santander BankcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution (Santander Treasury Fusion) for business clients to integrate banking services into their ERP/accounting software.
• Citizens BankcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution for business clients to integrate banking services into their ERP/accounting software.
• City National BankcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution (CNB EASI Link Connector) for business clients to integrate banking services into their ERP/accounting software.
• Commerce BankcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution (Commerce Connections Direct) for business clients to integrate banking services into their ERP/accounting software.
• Customers BankcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution (Customers Bank Connect) for business clients to integrate banking services into their ERP/accounting software.
• MUFG BankcoreTechnology or IntegrationBank partner offering FISPAN's embedded banking solution for business clients to integrate banking services into their ERP/accounting software.
• SagecoreTechnology or IntegrationSage partnership enables FISPAN to be offered as a Sage Recommended Solution, providing seamless integration and enhanced business experience for Sage Intacct clients. FISPAN powers 1,000+ businesses in Sage Intacct.
• eXponential ConsultingminorImplementation/ SI/ Consulting PartnerSenior consulting firm implementing Sage Intacct with FISPAN embedded banking for clients. Consultant David Johnson advocates for FISPAN's payment integration and closed-loop reconciliation capabilities.
• Salora ERPminorImplementation/ SI/ Consulting PartnerNetSuite Alliance Partner and consulting firm recommending and implementing FISPAN banking integrations for hundreds of clients. Founder Nathan Garing advocates for FISPAN as a replacement for other third-party apps.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Plaid: Plaid is the leading bank-connectivity API platform, enabling fintechs and businesses to access bank account data and initiate payments. Like FISPAN, it sits between banks and downstream software (accounting, lending, wealth), competing for the same 'embedded banking infrastructure' wallet.
• Modern Treasury: Modern Treasury provides payment operations APIs (bank-to-system reconciliation, payment initiation, ledgering) to fintechs and software platforms. It competes with FISPAN's bank-to-ERP synchronization value prop, especially with developer-led ERP/accounting platforms.
• MX Technologies: MX provides financial-data aggregation, bank connectivity, and account-verification APIs to banks and fintechs. It overlaps with FISPAN's bank-feed and reconciliation layer and increasingly expands into payment initiation within accounting workflows.
• Trovata: Trovata delivers cloud-native treasury management and bank-data aggregation for CFOs and treasury teams. It competes with FISPAN's cash management and bank-feeds products as an alternative to embedded ERP-banking approaches.
• Bottomline Technologies: Bottomline is a long-standing B2B payments and financial-messaging vendor with bank integration, payables automation, and fraud-prevention capabilities. It competes with FISPAN in bank-to-ERP payments and reconciliation for mid-market and enterprise customers.
• Finicity (Mastercard): Finicity, a Mastercard-owned financial-data aggregation and bank-connectivity platform, competes in the bank-feed and consumer-permissioned data space that underpins FISPAN's reconciliation layer, particularly for SMB accounting integrations.
• Yodlee (Envestnet): Yodlee is one of the largest bank-data aggregation providers, offering bank feeds, account verification, and risk analytics to fintechs and financial institutions. It is a comparable connectivity-layer competitor to FISPAN's bank-feed capabilities.
• GTreasury: GTreasury is a SaaS treasury management system with deep bank connectivity, cash visibility, and payment workflows. It competes with FISPAN's cash management and embedded-banking modules, especially for mid-market and enterprise treasury teams.

Broad incumbents

• Q2: Q2 is a digital banking platform serving community and regional banks with online/mobile banking, treasury, and account-opening solutions. As a broader incumbent in bank-channel technology, it overlaps with FISPAN's bank-embedded offering for smaller partner banks.
• Jack Henry: Jack Henry provides core banking, digital, and payments technology to thousands of U.S. community and mid-size banks. Its commercial-banking and payments capabilities make it a broad incumbent that could either partner with or compete against FISPAN in embedded ERP-banking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FI_SPAN

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FISPAN