FI.SPAN raises $4m for UK and Australia expansion
Financial services management platform FI.SPAN has some extra holiday spending cash, thanks to a new round of funding led by BDC Capital’s Women in Technology Venture Fund, reports Julie Muhn at Finovate.
The round also features participation from FinTop Capital, VFF, Panache Ventures and others. The $4 million investment brings FI.SPAN’s total funding to $6 million.
The Canada-based company will use the funds to expand its operations to the UK and Australia, as well as grow its Vancouver-based team.
FI.SPAN currently employs 20 people in its New York and Vancouver offices, and it hopes to double its Vancouver workforce within the next year-and-a-half.
FI.SPAN CEO Lisa Shields told BIV that she’s not worried about Brexit impacting the company’s UK expansion.
“Brexit, to be honest, for my particular business doesn’t affect us that much and the market is massive in the UK,” Shields said. “Because we sell to banks, we’re less impacted by Brexit.”
The company’s white-labeled service designs, builds, and maintains live connections to online and cloud-based accounting systems.
Its API services suite helps banks build out their APIs to offer clients third-party connectivity. Similarly, FI.SPAN’s Fintegration suite helps banks integrate with fintechs and manage data exchange between the two parties.