MarginEdge
“Can a restaurant back-office SaaS become the payments, card, and financing layer for independent restaurants?”
Founded2015
HQArlington, Virginia, United States
FoundersBo Davis, Roy Phillips, Brian Mills
Total raised$84.4M
Latest roundLater Stage VC, $20.6M
IndustryVertical SaaS / Restaurants
The story
Founded 2015 as a restaurant back-office SaaS focused on invoice digitization, food costs, and inventory. Deepened into workflow with Bill Pay (AP automation for restaurants), then added embedded finance in 2024–2026 with a Mastercard partnership and the launch of the MarginEdge Commercial Charge Card (issued by Patriot Bank) and MarginEdge Funding, a vendor-invoice financing product. The strategic direction is clear: extend from operations analytics into the money movement layer of independent restaurants.
Product timeline
2015
Founded by Bo Davis, Roy Phillips, and Brian Mills to serve independent restaurants with back-office automation.· founding
2021
Raised $18M Series B to expand restaurant management platform.· funding
2022
Raised $45M Series C led by Ten Coves Capital.· funding
2024
Announced partnership with Mastercard for a co-branded virtual card and commercial payment solutions.· card
2026
Launched the MarginEdge Commercial Charge Mastercard issued by Patriot Bank, N.A.· card
2026
Launched MarginEdge Funding — optional commercial funding for eligible vendor invoices via Bill Pay.· lending
The stack
6 layers disclosed in MarginEdge’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Card network
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: none
19 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.