Pay With Spire, Inc. Secures $10M Series B Funding for Pay-by-Bank Solution

Pay With Spire just closed a $10M Series B led by Continental Investment Partners, and the volume is turned down on purpose. No confetti cannons. No chest beating. Just a clean signal from a fintech that has been living in the plumbing long enough to know where the pressure actually builds. Congratulations to Jennifer LaClair, CEO, and Vijay Patel, CTO, and to the team in Dallas that understands payments are not about novelty, they are about trust that survives Monday morning.

Spire is an appropriate name. A spire points up, but it is anchored deep. This company came out of BIM Networks, the ACH backbone trusted by MCX when Walmart, Best Buy, and their friends decided interchange was a tax they no longer felt like paying. That origin matters. It explains why Pay With Spire does not beg for POS integrations or ask merchants to rewire their lives. It simply shows up at 200,000+ terminals and works, running on Discover rails with ACH settlement like a ghost that still rings the register.

Here is the quiet flex. 1M consumer bank accounts already linked. 46 employees. A merchant branded pay by bank experience that feels like a card swipe but skips the interest, the debt spiral, and the toll booth. Merchants pay less, consumers get rewards without borrowing from their future, and nobody has to pretend this is a science project. It is routine spend. Gas. Coffee. Groceries. The unsexy stuff that actually keeps businesses alive.

Jennifer LaClair stepping in as CEO is not a reset, it is a sharpening. Someone who ran merchant solutions at Fiserv and carried CFO weight at Ally and PNC does not romanticize scale. She respects it. Matt Brennan moving into President and CCO keeps the commercial muscle tight, Craig McNeil stays CRO, Cody Donnan minds the numbers as CFO, Kristen Yarbou keeps risk contained as Chief Legal, Risk & Compliance Officer, and Vijay Patel keeps the engine boring in the best possible way. Payments should be boring. Boring pays bills.

Continental Investment Partners knows this movie. They have backed Aeropay and Sezzle. They do not chase fireworks. They chase systems that compound. Adding Paul Purcell to the board reads less like ceremony and more like alignment, especially when the stated use of funds is growth, infrastructure, and adoption, not vanity metrics dressed up as momentum.

Pay by bank in the United States has always stumbled on one thing: consumer behavior. The tech plugs in easily. The habit does not. Pay With Spire is betting that familiarity beats flash, that a merchant branded experience earns more trust than another generic wallet, and that saving money quietly is still saving money. There is a lot of runway in that bet, and it stretches through every daily purchase most companies ignore while chasing the next shiny edge.