Ordway

Ordway

Financial software for billing and subscriptions

About

Ordway Labs provides financial software that simplifies billing and subscription management for businesses, automating complex processes and generating key performance indicator (KPI) reports. Their platform is designed for companies using usage-based billing and subscription models, helping them convert sales orders into cash more efficiently. Operating on a software-as-a-service (SaaS) model, Ordway offers clients continuous updates and support through a subscription fee. The company's goal is to enhance the efficiency and accuracy of financial operations for modern businesses.

Company Stage

Series A

Employees

11-50

Industries

Enterprise Software, Fintech, Financial Services

Total Funding

$12.2M

Headquarters

N/A

Founded

2018


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Simplify's Take

What believers are saying

  • Recognition as a leading subscription management software provider by Tekpon highlights Ordway's industry credibility and market leadership.
  • The new billing and revenue automation solution for startups demonstrates Ordway's commitment to supporting early-stage companies, potentially fostering long-term client relationships.
  • Partnerships with companies like Exact Payments enhance Ordway's platform capabilities, offering clients a more comprehensive billing and payments solution.

What critics are saying

  • The fintech market is highly competitive, with numerous established players like Maxio, Chargebee, and Recurly posing significant challenges.
  • Rapid growth and scaling efforts may strain Ordway's resources, potentially impacting service quality and customer satisfaction.

What makes Ordway unique

  • Ordway specializes in automating complex billing and subscription management processes, setting it apart from competitors who may offer more generalized financial software solutions.
  • Their focus on usage-based billing and subscription models caters specifically to innovative businesses, providing a tailored solution that many competitors lack.
  • Ordway's SaaS model ensures continuous updates and support, offering clients a dynamic and evolving platform that adapts to their growing needs.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-16%

2 year growth

-24%

Benefits

Office or remote work

Flexible work hours

Unlimited Paid Time Off (PTO)

Employee stock options

Health savings accounts

401k retirement savings plans

Medical, dental, vision

Maternity and paternity leave

Commuter benefits

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