“Can catering-vertical SaaS become the embedded financial OS for caterers and event planners by monetizing payments, banking, and working capital on top of its workflow software?”
Founded as a traditional catering and event management software company (operating as Horizon Business Services, Inc. dba Caterease Software), Caterease served more than 50,000 caterers and event planners for roughly three decades. The company pivoted aggressively toward embedded finance starting around 2024, migrating to Worldpay for Platforms' PayFac-as-a-Service model to embed payments directly into its onboarding flow — reporting 2-3x payments revenue growth and 30x revenue expansion from existing customers. This was followed by the launch of Mosaic (HPay), a Caterease-branded banking product backed by JPMorgan Chase, and a Working Capital lending product, positioning Caterease as an embedded financial services provider within the hospitality vertical.
Caterease discloses JPMorgan Chase Bank, N.A. (in-house sponsor) as its banking provider, with JPMorgan Chase Bank, N.A. as its sponsor bank, according to the Embedded Finance Index 2026.
Caterease does not disclose a bank charter of its own; its banking services are provided through JPMorgan Chase Bank, N.A..
Caterease processes payments through Worldpay for Platforms and worldpay.
The Embedded Finance Index 2026 maps 4 layers in Caterease's stack: Payments / PSP (Worldpay for Platforms and worldpay); Banking / BaaS (JPMorgan Chase Bank, N.A. (in-house sponsor)); Lending (Working Capital (revenue-based advance)); Sponsor bank (JPMorgan Chase Bank, N.A.).
Caterease is headquartered in Naples, Florida, United States.
Get a read on where your own stack stands against Caterease 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.