FISPAN
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.
- Company typePrivate
- Founded2016
- HeadquartersVancouver, Canada
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
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.
FISPAN firmographics
Firmographics- 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
FISPAN industry classification
Industry- 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
Where FISPAN is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
FISPAN business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- 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.
- 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
FISPAN product offering
Product offeringCore 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
Companies that use FISPAN
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
FISPAN technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability7 records
Feature8 records
FISPAN partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- TD BankcoreTD 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.
- WorkdaycoreTD 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.
- BMOcoreBank partner offering FISPAN's embedded banking solution (BMO Sync) for business clients to integrate banking services into their ERP/accounting software.
- J.P. MorgancoreBank partner offering FISPAN's embedded banking solution for business clients to integrate banking services into their ERP/accounting software.
- Wells FargocoreBank partner offering FISPAN's embedded banking solution for business clients to integrate banking services into their ERP/accounting software.
- PNC BankcoreBank 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)coreBank partner offering SVB Go Link - FISPAN's embedded banking solution connecting SVB banking services directly into ERP systems for reconciliation and accounts payable automation.
- KeyBankcoreBank partner offering FISPAN's embedded banking solution (KeyBank ERP Plugin) for business clients. Case study with National Foods Packaging demonstrates streamlined financial operations.
- Santander BankcoreBank partner offering FISPAN's embedded banking solution (Santander Treasury Fusion) for business clients to integrate banking services into their ERP/accounting software.
- Citizens BankcoreBank partner offering FISPAN's embedded banking solution for business clients to integrate banking services into their ERP/accounting software.
- City National BankcoreBank partner offering FISPAN's embedded banking solution (CNB EASI Link Connector) for business clients to integrate banking services into their ERP/accounting software.
- Commerce BankcoreBank partner offering FISPAN's embedded banking solution (Commerce Connections Direct) for business clients to integrate banking services into their ERP/accounting software.
- Customers BankcoreBank partner offering FISPAN's embedded banking solution (Customers Bank Connect) for business clients to integrate banking services into their ERP/accounting software.
- MUFG BankcoreBank partner offering FISPAN's embedded banking solution for business clients to integrate banking services into their ERP/accounting software.
- SagecoreSage 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 ConsultingminorSenior 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 ERPminorNetSuite 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
FISPAN competitors and assessment
Company assessmentDirect 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
FISPAN social profiles
Digital presenceFISPAN compliance and trust
Trust signalCompliance2 records
FISPAN financial estimates
Financial estimateRevenue estimate
Valuation estimate
FISPAN leadership team
Management profileNumber of profiles
Profiles5 records
FISPAN funding detail
Funding detailFunding overview
Funding rounds6 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FISPAN M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FISPAN
What does FISPAN do?
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.
Is FISPAN a public or private company?
FISPAN is a private company. It is classified as venture growth investor backed and is currently operating.
When was FISPAN founded?
FISPAN was founded in 2016. It employs 101 to 250 people.
Where is FISPAN based?
FISPAN is headquartered in Vancouver, Canada, in the North America region.
How does FISPAN make money?
Two revenue lines are on record. Platform/Subscription Licensing is the primary driver. The others are transaction-Based Fees.
Who are FISPAN's main competitors?
Direct peers on record are Plaid, Modern Treasury, MX Technologies, Trovata, Bottomline Technologies, Finicity (Mastercard), Yodlee (Envestnet) and GTreasury. Broad incumbents are Q2 and Jack Henry.
Does FISPAN have an API?
No public API is recorded for FISPAN.
What industry is FISPAN in?
FISPAN's product category is Embedded Banking Software. Its primary akta.pro industry code is HDAEAEAA, Core ERP Suites (Financials, Procurement, Projects), with a secondary code of BPAEAGAA, ERP Implementation & Systems Integration Services. Its NAICS code is 52232 and its SIC code is 6199.