“Can Odoo become the unified financial and operational OS for SMBs globally by embedding payments, cards, tax, and banking directly into its open-source ERP?”
Originally launched in 2005 as TinyERP, Odoo rebranded twice — first as OpenERP (2009), then as Odoo (2014) — as it expanded from core ERP into a full suite covering CRM, eCommerce, accounting, POS, and HR. Rather than pursue primary capital, the company grew primarily on product-led and partner-led motion, raising only via secondaries. The most significant recent expansion is into embedded finance: native Stripe Issuing expense cards, built-in Avalara/AvaTax tax compliance, and Stripe Treasury integration bring Odoo from a pure-software ERP toward a financial operating system for SMBs.
Odoo discloses Stripe Treasury as its banking provider, according to the Embedded Finance Index 2026.
Odoo does not disclose a bank charter of its own; its banking services are provided through Stripe Treasury.
Odoo processes payments through Stripe, Adyen and Checkout.com. Disclosed money-movement rails: SWIFT.
Odoo's cards are issued through Stripe Issuing.
Odoo uses AFEX (Associated Foreign Exchange) and SWIFT (MT103/MT101 via third-party module) for FX and cross-border payouts.
Odoo integrates with QuickBooks Online and Xero.
The Embedded Finance Index 2026 maps 9 layers in Odoo's stack: Payments / PSP (Stripe, Adyen and Checkout.com); Money movement (SWIFT); Banking / BaaS (Stripe Treasury); Card issuing (Stripe Issuing); Lending (Instant Invoice Financing via AR Funding, seQura Buy Now Pay Later and FLOA 3x/4x/10x installment payments); FX & payouts (AFEX (Associated Foreign Exchange) and SWIFT (MT103/MT101 via third-party module)); Accounting (QuickBooks Online and Xero); Spend / AP (Pleo and Ramp); Treasury (Stripe Treasury).
Odoo was founded by Fabien Pinckaers and is founded in 2005, headquartered in Grand Rosière, Belgium.
Odoo has raised $617M+ in total (latest round: Secondary, November 2024; valuation: $5.26B post-money (2024)).
Get a read on where your own stack stands against Odoo 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.