“Can an AI-native AP+procurement platform built from day one for multi-entity groups on Xero displace single-entity spend tools as mid-market groups consolidate their books?”
Derive Technologies Pty Ltd (ABN 22 658 566 806) is an Australian-headquartered spend-control SaaS targeting multi-entity groups (5–50+ entities) running on Xero. Its wedge is an 'AP Agent' that ingests bills forwarded to an apagent@derivehq.com inbox, codes them to the correct entity's chart of accounts and tax rates, and posts drafts to Xero for approval. The product spans accounts payable, procurement (POs/requests), contracts & renewals, and budgets — explicitly positioned against Ramp/Brex/BILL/Airbase/Pleo for groups whose problem is many entities rather than many cards.
Derive integrates with Xero.
The Embedded Finance Index 2026 maps 2 layers in Derive's stack: Unified APIs (Apideck); Accounting (Xero).
Derive is headquartered in Australia.
Get a read on where your own stack stands against Derive 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.