Some of the best product builders and operators are partnering with us and joining the round, including Huey Lin (Founding-COO, Affirm), Tomer London (Co-Founder & CPO, Gusto), Michael Sindicich (EVP & GM, Navan Expense), Yin Wu (CEO, Pulley), Marc Rowan (CEO, Apollo Global), Raphael Ouzan (Founder & CEO of A.Team), Oz Alon (CEO, HoneyBook), Roby Baruch (CPO, Tipalti), paired with accomplished industry experts from Stripe, Carta, Venmo, Houzz and more.

We’re extremely grateful to work with these industry leaders. This investment is helping to propel our mission to provide the best-in-class embedded spend management infrastructure for B2B platforms serving small businesses.

Evening the Odds for Small Businesses

Spend management software is a standard tool for most mid-market and enterprise companies for saving time and money, but it has remained inaccessible for small businesses. Building a spend management product for small businesses has proven to be extremely difficult due to the high user-acquisition cost, lower life-time value and higher risk.

B2B platforms — such as Toast for restaurants, HoneyBook for creative professionals and Workiz for field service technicians — are increasingly acting as the operating system for their customers. These platforms are uniquely positioned to provide their customers with spend management, leveraging their effective distribution and in-depth proprietary financial data. That said, they often lack the resources and specialization to develop an in-house solution.

Leveraging CapitalOS’ embedded spend management infrastructure, platforms can quickly and easily add spend management as a feature. Once added, CapitalOS carries the brunt of managing risk, underwriting, compliance, debt and much more for the small businesses, and the platform can remain focused on its core competency. This allows B2B platforms to stand out to the small businesses they service, by providing a product that saves them time and money while being far superior to legacy solutions. In doing so, CapitalOS enables platforms to establish a new revenue stream, increase user retention and unlock access to business spending data.

The Path Ahead

We are honored to see our vision resonate with so many platforms and the small businesses that they serve. Already available to thousands of small businesses through multiple platforms and more launching early next year, we are excited to embark on this journey with a small but mighty team: Omer, Shaun, Rony, Chris, Evan, Sergio & Elad – thank you!

While this is an exciting milestone, there is still a long journey ahead of us. We are staying focused on our commitment to building magical, high quality embedded spend management that takes days to deploy. If you’re interested to learn more, contact us, and if you want to be part of the journey, we are hiring.