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← Embedded Finance Index 2026

Campfire

“Can an AI-native, agent-driven ERP displace NetSuite and Sage Intacct as the finance system of record for modern SaaS companies?”

Founded2023
HQSan Francisco, CA
FoundersJohn Glasgow, Paul Nichols
Total raised$103.5M
Latest roundSeries B, October 2025
IndustryHorizontal SaaS / Accounting
The story

Founded 2023 as an AI-native ERP targeting modern finance teams looking to automate the monthly close. Positions itself against legacy ERPs (NetSuite, Sage Intacct) with agent-driven accounting (Ember AI) and 100+ native integrations across payroll, banking, spend, and revenue. Raised $100M in 12 weeks in 2025 as demand accelerated, with 10x YTD revenue growth.

Last 12 months
2025-10
2026-05
2026-06
Product timeline
2023
Campfire founded by John Glasgow and Paul Nichols· pivot
2024
Launched native Stripe integration for revenue automation· banking
2025
Raised Series A and $65M Series B within 12 weeks; achieved SOC 2 Type 2 compliance· banking
The stack
9 layers disclosed in Campfire’s embedded-finance stack
Payments / PSP
Stripe
Card network
in the full report
Lending
in the full report
Payroll
in the full report
Open banking
in the full report
Unified APIs
in the full report
FX & payouts
in the full report
Spend / AP
in the full report
Tax
in the full report
Accounting gap: none
15 more providers across 8 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.