“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?”
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.
Cleo discloses WebBank and Thread Bank as its banking providers, according to the Embedded Finance Index 2026.
Cleo does not disclose a bank charter of its own; its banking services are provided through WebBank and Thread Bank.
Cleo processes payments through Paystand (partnership — B2B bank-to-bank rail).
Cleo's cards are issued through WebBank.
Cleo's lending and capital products are provided by Kanmon.
Cleo integrates with QuickBooks Desktop and QuickBooks Online.
The Embedded Finance Index 2026 maps 5 layers in Cleo's stack: Payments / PSP (Paystand (partnership — B2B bank-to-bank rail)); Banking / BaaS (WebBank and Thread Bank); Card issuing (WebBank); Lending (Kanmon and Cleo InvoicePay (invoice financing)); Accounting (QuickBooks Desktop and QuickBooks Online).
Cleo is headquartered in Rockford, Illinois, USA.
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