Archie
“Can a vertical AP + contractor-management platform own the freelance-heavy hospitality and entertainment economy?”
Founded2020
HQNew York, New York, United States
Total raised$10M
Latest roundVenture Round, 2022
IndustryVertical SaaS / Hospitality & Entertainment (Contractor Management)
The story
Archie was founded in 2020 in New York to serve hospitality and entertainment businesses (Soho House, The Standard, Public Records) that hire large numbers of project-based freelancers and vendors. The product focuses on onboarding contractors, collecting tax documents, invoice approvals, and same-day payments from the business's connected bank accounts — positioned as a niche alternative to Bill.com/Deel for the creative/hospitality economy.
Last 12 months
—
Product timeline
2020
Archie founded as a contractor and freelancer management platform for hospitality and entertainment businesses.· pivot
2022
Raised $4.5M venture round to build financial infrastructure for the freelance economy.· banking
The stack
0 layers disclosed in Archie’s embedded-finance stack
Accounting gap: significant