Order
“Can a procurement workflow tool become the financial OS for mid-market AP and spend by owning the payment, card, and financing layers on top of the buying experience?”
Founded2016
HQNew York, NY, USA
Latest roundSeries B
IndustryHorizontal SaaS / Spend Management
The story
Founded as Negotiatus in 2016 as a B2B procurement workflow tool, the company rebranded to Order.co in 2022 to reposition as a guided B2B marketplace combining procurement, AP, and spend management. The embedded finance layer — virtual cards through Lithic + Patriot Bank, ACH/card processing through Stripe, bank linking via Plaid, plus working-capital financing — was layered on top of the procurement workflow to monetize transaction flow alongside SaaS subscription.
Last 12 months
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Product timeline
2016
Founded as Negotiatus, a B2B procurement platform.· pivot
2022
Rebranded from Negotiatus to Order.co, positioning as a guided B2B marketplace for spend control.· pivot
2023
Launched virtual cards (issued by Patriot Bank, N.A. via Lithic).· card
2024
Introduced Net Terms as a Service / Working Capital financing.· lending
The stack
6 layers disclosed in Order’s embedded-finance stack
Payments / PSP
Card issuing
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
8 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.