Equipifi, a US-based flexible payment solutions provider, has secured $34 million in Series B funding led by New York venture capital firm Left Lane Capital.

All existing backers, including Curql and PHX Ventures, participated in this round, bringing Equipifi’s total funding to $49 million following its $12 million Series A closed in 2022.

Led by founder and CEO Bryce Deeney, Equipifi enables banks and credit unions to offer flexible payment options by embedding instalment lending and buy now, pay later capabilities directly into their digital banking platforms. The company’s client base currently includes Suffolk Credit Union, Orsa Credit Union, and Credit Union of Texas.

The cash injection has been earmarked to support product development and an increase in institutional partnerships, alongside a keen hiring push across product and engineering roles. Equipifi expects to double its headcount over the next 12 months.

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Equipifi began working with technology company CUSG in March this year to further the reach of its BNPL solutions across the group’s network of credit union partners.