equipifi, a fintech company providing banks and credit unions with a white label Buy Now, Pay Later (BNPL) solution, announced that it was selected as the Audience Choice Award winner at this year’s FIS® Fintech Accelerator Program’s Virtual Demo Day. With over 170 banks, venture capital firms, and investors in attendance, equipifi’s pitch was selected from a cohort of ten companies in the seventh FIS Fintech Accelerator Program.
According to The Financial Brand, US BNPL transaction volume will surpass $100 billion by 2024. equipifi’s technology enables financial institutions to introduce BNPL to cardholders for qualifying debit transactions on their existing banking app, providing a more transparent alternative to third-party BNPL solutions today. It also creates opportunities for engagement and increased revenue for financial institutions.
Earlier in 2022, equipifi announced that it had been selected to participate in the seventh FIS Fintech Accelerator program, in partnership with The Venture Center. The FIS Fintech Accelerator program brings bankers, subject matter experts, and financial service executives together with pre-vetted, market-validated fintech companies to advance the financial services industry.
“We’re honored to have been selected for the Audience Choice Award by this year’s Virtual Demo Day attendees,” said Bryce Deeney, co-founder and CEO of equipifi. “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 2022 FIS Fintech Accelerator program is a 12-week program that began on July 19. The program held its in-person Demo Day on November 9th, where fintechs demonstrated their solutions to hundreds of leading financial institutions, potential investors, and industry participants. This event was followed by the Virtual Demo Day, taking place on December 7.