US-based fintech platform equipifi has closed a $34m Series B funding round led by Left Lane Capital.
Existing investors also participated in the round, including Curql and PHX Ventures. In a statement, equipifi said the funding brings its total capital raised to $49m.
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Founded in 2021, the Scottsdale, Arizona-based company provides technology that allows banks and credit unions to offer buy now, pay later (BNPL) and other flexible payment options within their digital banking channels.
The platform enables consumers to split purchases into instalments through their bank or credit union.
equipifi founder and CEO Bryce Deeney said: “BNPL has become the third pillar of how consumers pay alongside debit and credit, and that shift is permanent. Financial institutions are best positioned to own this space, and equipifi is building the network that will power them.
“With Left Lane’s support, we’re proud to help the industry meet this moment and define the next era of payments.”
equipifi plans to use the Series B proceeds to expand partnerships with a broader range of financial institutions and to develop additional product capabilities.
The company also aims to double its headcount over the next year. Hiring is expected to focus on product and engineering roles.
Left Lane Capital managing partner Dan Ahrens said: “We believe equipifi is building the defining network for flexible consumer payments across financial institutions.
“The team combines deep industry expertise with a clear vision for where installment lending is headed, and Left Lane is proud to partner with them.”
