The Globe and Mail reports in its Wednesday edition that one of Canada's most successful women tech entrepreneurs, Lisa Shields, has raised $30-million (U.S.) for her Fispan Services in a deal led by U.S. growth equity firm Canapi Ventures. The Globe's Sean Silcoff writes that the deal reveals how much the financing market has shifted since the tech bubble of 2021. The transaction "is quite different" from deals of that era, which saw unprofitable start-ups pursue growth at all costs and raise big rounds at inflated valuations, said Tom Davis, Canapi's general partner. The deal reflects a return to saner market dynamics. "This is a classic growth equity deal." For one thing, Fispan did not need the money. Fispan sells subscription software that enable banks to embed services for mid-market companies into enterprise resource planning and accounting platforms such as Oracle NetSuite, Intuit Quick-Books and Xero. That makes it easier for clients to handle cash and accounts management in one place. Fispan's 15 customers include BMO, TD Bank and JPMorgan, and the tools are used by 4,500 of their clients. The nine-year-old Vancouver company generates $25-million-(U.S.)-plus in annual revenue. It turned profitable last year.