equipifi, which provides banks and credit unions with buy now, pay later (BNPL) technology, has won the Audience Choice Award at the FIS Fintech Accelerator Program’s Virtual Demo Day.
The event was attended by over 170 banks, venture capital firms and investors. equipifi was up against ten other companies from the seventh FIS Fintech Accelerator Program.
FIS Fintech Accelerator is a 12-week program, which started in July. The program held a Demo Day on November 9, where companies demonstrated their solutions to financial institutions, potential investors and industry participants. This was then followed by a virtual demo day on December 7.
Speaking on the award, equipifi co-founder and CEO Bryce Deeney said, “We’re honoured to have been selected for the Audience Choice Award by this year’s Virtual Demo Day attendees.
“This award is a testament to all of the hard work and dedication that has gone into growing equipifi over the last year, and we’re thankful to FIS and the Venture Center for contributing to that growth.”
The Financial Brand predicts US BNPL transaction volume will exceed $100bn by 2024. Based in Arizona, equipifi is providing financial institutions with the capabilities to offer BNPL services to their customers through their existing banking app.
Its technology easily integrates with financial institutions to help them improve customer engagement, grow market share, increase revenue and provide a single place to view, accept and manage BNPL plans through the banking app.
The company previously raised $3m in a seed funding round back in 2021. The investment was led by New Stack Ventures and saw commitments from Rise of the Rest Seed Fund, PHX Ventures, SaaS Ventures and a number of strategic angel investors.
Late last year, BNPL giant Klarna introduced a platform that connects retailers with creators and influencers to help them reach their target markets.
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