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Field Nation

“Can a two-sided IT-field-service marketplace expand from work-order matching into a full financial stack (escrow, instant pay, banking, insurance, tax) for independent technicians?”

Founded2008
HQMinneapolis, Minnesota, United States
FoundersMynul Khan
Total raised$30.2M
Latest roundSecondary - Private
IndustryMarketplace / Two-sided
The story

Founded 2008 in Minneapolis as a two-sided marketplace connecting IT field service companies (Buyers) with independent technician Providers, Field Nation grew into the #1 labor marketplace for IT field service. Over time it added embedded payments and escrow functionality (holding Buyer funds in a custodial account and paying Providers on completion), embedded insurance (Occupational Accident Insurance and General Liability), embedded 1099-K tax reporting, and — most recently — 'My Business Wallet', a debit-card-backed business account for Providers that begins to compete directly with SMB neobanks for gig-worker mindshare.

Last 12 months
2024
2026
Product timeline
2008
Field Nation founded by Mynul Khan to connect IT service companies with on-demand technicians· pivot
2012
Platform evolved with enhanced network curation· pivot
2015
Acquired Field Solutions, backed by SGE· acquisition
2024
Partnered with HIS to create the largest on-demand network of AV installers· pivot
Acquisitions
Field Solutions2015
Acquired to expand marketplace capabilities, backed by SGE
The stack
8 layers disclosed in Field Nation’s embedded-finance stack
Payments / PSP
Clover (credit card processing for buyer invoices)PayPal (provider payout option)Zelle (provider payout option, via Field Nation Pro)
Money movement
in the full report
Card network
in the full report
Lending
in the full report
Insurance
in the full report
KYC
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
15 more providers across 7 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.