equipifi

equipifi provides an API-driven white-label BNPL solution for banks and credit unions, enabling them to provide customers with staggered payment options by directly integrating with their checking accounts or debit cards. Users who pay through debit cards receive push notifications from their bank, alerting them to BNPL offers, which have been pre-approved (based on the eligibility) by the platform’s decision engine. Customers can view and manage their BNPL transactions through the existing banking portal. equipifi generates revenue through subscriptions. As of November 2021, the company was working with 20 clients and expects to launch solutions with three of them in Q1 2022.

Key customers and partnerships

In April 2023, equipifi announced a partnership with SWBC, an insurance, mortgage and investment services provider. Through this partnership, equipifi intended to leverage SWBC’s client data and increase its product reach by embedding its BNPL offering with SWBC’s debit cardholders.

Funding and financials

equipifi raised USD 12 million in a Series A funding round co-led by Curql Fund and PHX Ventures in May 2022 . The round follows its USD 3 million seed funding round in November 2021.