ApideckTape
← Embedded Finance Index 2026

Adore Me

“Can an inclusive DTC lingerie brand become Victoria's Secret's digital-native growth engine while scaling B2B wholesale commerce?”

Founded2012
HQNew York, NY
FoundersMorgan Hermand-Waiche, Romain Liot, Gary Bravard, Fabrice Grinda, Jose Marin
Total raised$54.8M
Latest roundAcquired by Victoria's Secret, November 2022
Valuation$559M (acquisition, 2022)
IndustryE-commerce / DTC brand
The story

Founded in 2012 by Morgan Hermand-Waiche as a direct-to-consumer online lingerie brand challenging Victoria's Secret with monthly new collections at affordable price points. Grew via subscription e-commerce model with personalized 'showrooms' and a focus on inclusivity and extended sizing. Raised $54.8M across multiple rounds before being acquired by Victoria's Secret in 2022 for ~$400–559M, becoming a subsidiary that now operates its own B2B commerce platform via DJUST and continues its DTC digital business.

Last 12 months
—
Product timeline
2012
Adore Me officially launched its website, offering a subscription-based lingerie and swimwear e-commerce model.· pivot
2013
Raised $8.5M Series B to accelerate fast-fashion intimate apparel model with monthly new collections.· banking
2021
Received private equity investment from Otium Capital, accelerating growth toward acquisition.· pivot
2022
Acquired by Victoria's Secret for approximately $400–559M, becoming an operating subsidiary.· acquisition
The stack
3 layers disclosed in Adore Me’s embedded-finance stack
Payments / PSP
Stripe
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
10 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Adore Me — frequently asked

Who is Adore Me's payment processor?

Adore Me processes payments through Stripe.

Who handles Adore Me's FX and cross-border payouts?

Adore Me uses PayPal for FX and cross-border payouts.

Which accounting software does Adore Me integrate with?

Adore Me integrates with Shopify, WooCommerce, NetSuite, SAP S4 HANA, SAP Business One, Acumatica, Microsoft Dynamics 365 Business Central, Odoo and 1 other.

What is Adore Me's embedded finance stack?

The Embedded Finance Index 2026 maps 3 layers in Adore Me's stack: Payments / PSP (Stripe); FX & payouts (PayPal); Accounting (Shopify, WooCommerce, NetSuite, SAP S4 HANA and 5 others).

Who founded Adore Me?

Adore Me was founded by Morgan Hermand-Waiche, Romain Liot, Gary Bravard, Fabrice Grinda and Jose Marin and is founded in 2012, headquartered in New York, NY.

How much funding has Adore Me raised?

Adore Me has raised $54.8M in total (latest round: Acquired by Victoria's Secret, November 2022; valuation: $559M (acquisition, 2022)).

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Adore Me and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

  • Your category, mappedHow your stack compares to Adore Me and the other companies in its category.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.