← Embedded Finance Index 2026

Nash

Can a multi-carrier delivery orchestration layer become the operating system for same-day local logistics across enterprise merchants?

Founded2021
HQSan Francisco, CA, USA
FoundersMahmoud Ghulman
Total raised$20M
Latest roundSeries A, 2022
IndustryVertical SaaS / Logistics
The story

Founded in 2021, Nash began as a delivery aggregation and orchestration layer for merchants needing same-day delivery across multiple carriers. After a $20M Series A in 2022 led by Andreessen Horowitz, the company expanded internationally and deepened its platform capabilities. Nash's embedded finance footprint is minimal — it uses Stripe as a third-party payment processor for billing and Gusto for HR/payroll, reflecting a SaaS-first model rather than a fintech pivot. AI services via OpenAI were added to the subprocessor list in 2026, signaling a move toward AI-assisted delivery orchestration.

Last 12 months
2026-04
2026-06
Product timeline
2021
Nash Technologies founded as a delivery orchestration platform aggregating multiple third-party delivery providers.· pivot
2022
Raised $20M Series A led by a16z; platform enables businesses to manage same-day deliveries via DoorDash, Lyft, Uber, and other APIs.· banking
2025
Expanded to multi-country customer terms (US, Canada, UK, Ireland, Australia) reflecting international go-to-market.· pivot
2026
Added ChatGPT (OpenAI) as a named AI subprocessor for AI services within the Nash Platform.· banking
The stack
3 layers disclosed in Nash’s embedded-finance stack
Payments / PSP
Stripe
Money movement
in the full report
Payroll
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.