Ordway, a billing and revenue automation platform, has scored $10m in its Series A funding round which was led by CRV.
Additional contributions to the round came from Clocktower Ventures, Lerer Hippeau and Revolution’s Rise of the Rest Seed Fund.
The FinTech offers businesses an automated billing and revenue management platform which handles recurring subscriptions, contract details, pricing transactions, invoicing customers, collecting payments and recognizing payments.
In the near future, Ordway will be providing organizations with more tools to control their sales=to-finance workflows, getting better visibility into billing data.
Furthermore, the company is looking to partner with more organizations as well as scale up parts of its operations including sales and marketing, product and engineering, and operations. Ordway is hiring more staff to help with this.
In a company blog post on the funding round, it said, “[This is] a validation of our platform vision, and how its modern approach moves the industry beyond simple point solutions and ultra-heavy ERP applications. We’re effectively solving complex pricing, billing, and revenue recognition needs for our customers.”
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