Latest news with #Order.co
Axios
5 days ago
- Business
- Axios
Exclusive: OatFi nabs $24M for embedded B2B credit
OatFi, a startup providing an embedded working capital financing infrastructure, has raised $24 million in Series A funding, CEO Michael Barbosa tells Axios exclusively. How it works: OatFi partners with AP, AR, and B2B payment platforms to embed financing into invoice and payment workflows. Its APIs handle underwriting, origination, and capital deployment, which allows platforms to offer net terms and early payouts within their core systems. "We're building this credit layer that supports B2B payments, because a B2B payment is inherently a credit transaction," Barbosa says. The big picture: By standardizing embedded credit as a core part of B2B transactions, OatFi hopes to unlock liquidity for platforms, buyers, and suppliers. "The problem isn't so much the movement of the money; it's the workflow that sits on top of the movement of the money," Barbosa says. State of play: Embedded credit is becoming table stakes across B2B commerce and fintech infrastructure, with platforms like Square, Stripe, and Shopify already offering working capital to merchants based on payment flows. Meanwhile, standalone fintech lenders like Pipe, Parafin, and Settle target embedded lending through platform partnerships or direct integrations. Yes, but: Instead of bolting on a merchant cash advance product using payment data, OatFi embeds a full credit infrastructure inside AP and AR workflows, underwriting each transaction and funding it from its own warehouse lines. "Many are taking this classic, generation-one MCA strategy. That's very much not what we do," Barbosa says. Case in point: OatFi powers embedded financing for procurement tools like freight-forwarding platforms like Koverly, and spend management players like Cledara. By the numbers: The NYC-based company now works with over 20 partner platforms and says it has processed more than $500 million in total payment volume since launching in mid-2022. Zoom in: White Star Capital led the Series A round, which included participation from existing investors QED, Portage, and Lorimer Ventures.
Associated Press
30-01-2025
- Business
- Associated Press
Order.co Wins the ‘Winter 2025 Leader' Award from SourceForge
NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- a B2B ecommerce platform that simplifies purchasing, today announced that it has been awarded the 'Winter 2025 Leader' Award in the Procurement and AP Automation categories by SourceForge, the world's largest software review and comparison website. 'It's my pleasure to award the 'Winter 2025 Leaders' on SourceForge,' said SourceForge President, Logan Abbott. ' has been named a Leader this Winter in the Procurement and AP Automation categories, and their high volume of outstanding user reviews on SourceForge is a testament to the excellent solution they provide to their customers.' The SourceForge Winter 2025 winners attained enough high ratings to place them in the top 5% of favorably reviewed products out of the 100,000 on SourceForge. boasts over 140 ratings on SourceForge from satisfied customers, with many sharing their excitement about the platform's 'easy, streamlined ordering.' Key features like consolidated monthly invoices with net terms, seamless GL coding, and real-time budget tracking have driven stellar customer reviews. 'We are proud to be recognized as a Winter 2025 Leader by SourceForge,' said Zach Garippa, CEO & Co-Founder of 'This award is especially meaningful to us because it comes directly from our customers. This recognition is a reflection of their experience using our product to solve their toughest procurement and accounts payable problems, and we're incredibly grateful for their trust and partnership. We look forward to continuing to innovate and deliver value.' About is a procurement and accounts payable automation software that helps businesses cut costs and complexity with every order. Hundreds of companies, like WeWork and Hugo Boss, leverage to centralize purchase-to-pay workflows, scale operations, gain total control over spending, and save an average of 5% on products. Founded in 2016 and headquartered in New York City, has raised $50M in funding from industry-leading investors like MIT, Stage 2 Capital, Rally Ventures, 645 Ventures, and more. Media Contact Allison Reich
