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
Payments / PSP
Card issuing
Lending
Open banking
Sponsor bank
Accounting
Accounting gap: minor