← State of Embedded Finance 2026

Cleo

Can a supply chain EDI and integration platform become the financial OS for B2B supplier-buyer relationships by embedding invoice financing and payment automation directly into its orchestration layer?

HQRockford, Illinois, USA
IndustryVertical SaaS / Supply Chain & EDI Integration
The story

Cleo is a long-standing B2B supply chain integration and EDI platform serving 4,000+ customers worldwide under the Cleo Integration Cloud (CIC) brand. Historically focused on EDI, API, and non-EDI supply chain transaction automation, the company has expanded into embedded finance with the October 2025 launch of Cleo InvoicePay — an invoice financing solution underpinned by Kanmon — targeting the cash flow gap suppliers face from extended payment terms. The Paystand partnership further positions Cleo as a supply chain fintech layer, embedding order-to-cash payment automation alongside its core integration infrastructure.

Last 12 months
2025-05
2025-10
Product timeline
2025
Cleo launched Cleo InvoicePay, an embedded invoice financing solution enabling suppliers to receive payment within 24 hours instead of waiting net 30-120 days, powered by Kanmon.· lending
2025
Cleo announced a strategic partnership with Paystand to integrate B2B payment automation and order-to-cash AR processes directly into the Cleo Integration Cloud platform.· banking
The stack
Payments / PSP
Paystand (partnership — B2B bank-to-bank rail)
Lending
KanmonCleo InvoicePay (invoice financing)
Accounting
QuickBooks DesktopQuickBooks Online
Accounting gap: minor