“Can a lab-management SaaS become the dominant procurement and trade-credit rail for life-sciences R&D spend?”
Quartzy began as a free lab-inventory/order-tracking SaaS for academic labs. By 2018 it pivoted into a two-sided marketplace (Quartzy Shop) that monetizes the transaction rather than the software seat. It now blends vertical SaaS (inventory, requests, punchout, accounting integrations) with a distribution/marketplace business — extending trade credit to labs on large orders (with Nuvo-based KYB/underwriting) is the natural embedded-finance layer on top of that marketplace.
Quartzy processes payments through Stripe.
Quartzy uses Nuvo for KYC and identity verification.
Quartzy's lending and capital products are provided by Quartzy (in-house trade credit).
Quartzy integrates with QuickBooks Online and NetSuite.
The Embedded Finance Index 2026 maps 4 layers in Quartzy's stack: Payments / PSP (Stripe); Lending (Quartzy (in-house trade credit), Purchase Order / net-terms credit for lab customers and Credit onboarding via Nuvo); KYC (Nuvo); Accounting (QuickBooks Online and NetSuite).
Quartzy was founded by Jayant Kulkarni and Adam Regelmann and is founded in 2011, headquartered in Hayward, California, USA.
Quartzy has raised $24M+ (disclosed) in total (latest round: Series B, 2016).
Get a read on where your own stack stands against Quartzy 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.