OatFi
OatFi is a New York-based fintech that provides an API-first credit network enabling B2B payment platforms to embed working capital tools — accounts payable terms, accounts receivable early payouts, and commercial charge cards — into their existing payment workflows for SMB borrowers.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What OatFi does
OatFi (legal entity Oat Financial, Inc.) is a New York-based fintech infrastructure company that provides an API-first credit network for B2B payment platforms, founded in 2021. The company enables platforms in spend management, bill pay, invoicing, B2B marketplaces, and contingent workforce to embed working capital tools — accounts payable terms, accounts receivable early payouts and guarantees, and commercial charge cards — directly inside their existing payment workflows via a single set of APIs. Its platform combines KYB/fraud verification, automated underwriting, origination and funding, a proprietary loan management system and ledger, capital markets access, and servicing and collections, allowing partner platforms to insert liquidity and reconciliation at the transaction point. The company is NMLS-registered (ID 2347616), licensed under the California Financing Law, and uses Grasshopper Bank, N.A. (Member FDIC) for banking services.
OatFi generates revenue through transaction fees on embedded credit and working capital originations, capturing the spread between funding costs and lending rates on each transaction, supplemented by platform/API access fees from B2B payment partners on negotiated, quote-based commercial terms. The company is exclusively API-distributed — there is no direct-to-end-user channel — and reaches SMB borrowers through partner platforms and infrastructure partners such as HighNote, Unit, and Transcard. Named design partners and customers span Order.co, Avalara, Unit, Flychain, Lawtrades, Transcard, FreightOS, NurseIO, GigSafe, Tab, Cledara, Piston, HighNote, and Koverly across at least eight verticals.
The company has raised approximately $35.25 million in equity across a pre-seed round (Feb 2022, $3.25M, led by Portage Ventures), an $8M seed round (Oct 2022, led by QED Investors), and a $24M Series A (Jun 2025, led by White Star Capital, with QED, Portage, and Lorimer participating). It has also secured a $50 million credit facility from Architect Capital to fund originations. Headcount sits in the 11-50 range and the company is led by CEO Michael Barbosa and co-founder/CTO John Jordan.
OatFi firmographics
Firmographics- Name
- OatFi
- Legal name
- Oat Financial, Inc.
- Website
- https://oatfinancial.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OatFi is a New York-based fintech that provides an API-first credit network enabling B2B payment platforms to embed working capital tools — accounts payable terms, accounts receivable early payouts, and commercial charge cards — into their existing payment workflows for SMB borrowers.
- Ownership category
- akta.pro rank
OatFi industry classification
Industry- Product category
- Embedded Finance Infrastructure
- NAICS
- Activities Related to Credit Intermediation (5223), Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
- akta.pro secondary industries
- B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC), Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC), Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)
Keywords
Where OatFi is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
OatFi business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Embedded Credit/Working Capital Fees: OatFi earns fees from facilitating credit and working capital at the transaction point within B2B payment platforms. The company provides instant credit decisions, funds suppliers early, and receives payments on terms from buyers, capturing margin on the spread between funding costs and lending rates.
- Platform/API Access Fees: Revenue generated from B2B payment platforms integrating OatFi's APIs to access credit infrastructure, underwriting, and loan management capabilities
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Enterprise/Platform Pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
OatFi product offering
Product offeringCore offering
OatFi provides API-first credit network infrastructure that enables B2B payment platforms to embed working capital, credit decisioning, and financing capabilities directly into their existing payment workflows. The platform offers modular components for accounts payable, accounts receivable, and commercial charge cards, supported by underwriting, origination, loan management, capital markets, and servicing tools delivered through a single API integration.
Product overview
OatFi offers a unified embedded finance platform with three core products: Accounts Payable, Accounts Receivable, and Commercial Charge Cards. These products are built on a modular API-first infrastructure that enables B2B payment platforms to embed working capital, credit decisioning, and financing capabilities directly into existing payment workflows. The platform provides a complete stack including KYB/Fraud verification, underwriting automation, origination and funding, loan management, capital markets access, and servicing/collections tools. The three products work together to close the loop on B2B transactions: Accounts Payable handles buyer-side payment terms, Accounts Receivable manages supplier-side early payouts and guarantees, and Commercial Charge Cards addresses commercial card program scaling. All products share the same underlying infrastructure and API layer for unified platform management.
Differentiator
Problem solved
Functional benefit
Products and services
- Accounts Payable Enables B2B payment platforms to offer flexible payment terms (net terms) to buyers within their accounts payable workflow, allowing businesses to optimize cash flow by providing net terms at the point of transaction.
- Accounts Receivable Provides guaranteed or early supplier payouts within accounts receivable workflows, enabling suppliers to access liquidity faster while platforms maintain buyer payment terms.
- Commercial Charge Cards Enables platforms to scale with credit and capital solutions for commercial card programs, providing embedded financing capabilities for business spending and expense management.
Quantifiable outcome
- Supports over $35 trillion in annual US B2B payments market opportunity
Companies that use OatFi
Customer profileNamed customers14 records
Segments4 records
Ideal customer profiles2 records
OatFi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature9 records
OatFi partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TranscardcoreTranscard partnered with OatFi to embed working capital orchestration into its B2B payments platform. The collaboration offers real-time payments, underwriting, reconciliation, and embedded financing, providing faster supplier payments and extended repayment terms for Transcard's B2B payment customers.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
OatFi competitors and assessment
Company assessmentDirect peers
- Parafin: Parafin provides embedded capital — working capital, revenue-based financing, and credit cards — to SMBs through B2B software platforms. It is the closest direct competitor to OatFi in offering platform-embedded working capital via API on a non-recourse basis to platform partners.
- Kanmon: Kanmon delivers embedded working capital and trade credit to B2B platforms serving SMBs, including net terms and early payment programs. Its platform-based distribution and working-capital focus are directly comparable to OatFi's AP and AR modules.
- Resolve: Resolve offers B2B net-terms financing and pay-later solutions integrated into invoicing and procurement platforms. Like OatFi, it targets the buyer-supplier timing gap and embeds credit inside AP/AR workflows at the transaction point.
- Arc: Arc provides embedded working capital, treasury, and capital-market solutions to B2B platforms and SMBs via API. Its focus on financing and capital markets rails for B2B platforms overlaps substantially with OatFi's credit-network offering.
- Liberis: Liberis provides embedded revenue-based financing and working capital to SMBs via platforms and acquirers globally. Its API-led embedded credit model to platforms serving SMBs is a strong parallel to OatFi's distribution approach.
- Credit Key: Credit Key provides B2B point-of-sale financing, net terms, and pay-later solutions integrated into merchant checkout and procure-to-pay platforms. Its embedded B2B trade-credit model at checkout is directly comparable to OatFi's AP module.
- Behalf: Behalf provides B2B financing and net-terms solutions to SMBs through integrations with software platforms and marketplaces. Its product is closely aligned with OatFi's buyer-side net-terms offering within AP workflows.
Broad incumbents
- Stripe Capital: Stripe Capital offers working-capital and merchant cash-advance financing to businesses using Stripe payments. While much larger and tied to Stripe's rails, it represents the same embedded-credit-at-the-transaction-point concept that OatFi brings to non-Stripe B2B payment platforms.
Emerging players
- Pipe: Pipe historically operated a marketplace for recurring-revenue trading and has since pivoted toward embedded credit for platforms. It overlaps with OatFi in providing embedded financing to software and B2B platforms, though its product direction has shifted.
- Tribal Credit: Tribal Credit issues B2B credit cards and working capital to SMBs in emerging markets through platform and API integrations. Its emphasis on serving SMBs via embedded credit rails makes it a relevant emerging peer to OatFi.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
OatFi social profiles
Digital presenceOatFi compliance and trust
Trust signalCompliance1 record
OatFi financial estimates
Financial estimateRevenue estimate
Valuation estimate
OatFi leadership team
Management profileNumber of profiles
Profiles2 records
OatFi funding detail
Funding detailFunding overview
Funding rounds4 records
Investors11 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OatFi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OatFi
What does OatFi do?
OatFi provides API-first credit network infrastructure that enables B2B payment platforms to embed working capital, credit decisioning, and financing capabilities directly into their existing payment workflows. The platform offers modular components for accounts payable, accounts receivable, and commercial charge cards, supported by underwriting, origination, loan management, capital markets, and servicing tools delivered through a single API integration.
Is OatFi a public or private company?
OatFi is a private company. It is classified as venture growth investor backed and is currently operating.
When was OatFi founded?
OatFi was founded in 2021. It employs 11 to 50 people.
Where is OatFi based?
OatFi is headquartered in New York, United States, in the North America region.
How does OatFi make money?
Two revenue lines are on record. Embedded Credit/Working Capital Fees are the primary driver. The others are platform/API Access Fees.
Who are OatFi's main competitors?
Direct peers on record are Parafin, Kanmon, Resolve, Arc, Liberis, Credit Key and Behalf. Stripe Capital is listed as a broad incumbent. Emerging players are Pipe and Tribal Credit.
Does OatFi have an API?
Yes. OatFi provides an API-first credit network that enables B2B payment platforms to embed working capital and financing capabilities directly into payment workflows. The API powers approvals, settlements, and reconciliation through a single set of APIs that integrates into the flow of funds. Specific technical details such as protocol type (REST/GraphQL), authentication method, rate limits, or sandbox availability are not publicly disclosed in available sources.
What industry is OatFi in?
OatFi's product category is Embedded Finance Infrastructure. Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines), with a secondary code of FSAGAIAC, B2B / Invoice-Based BNPL (Trade Credit at Checkout). Its NAICS code is 5223 and its SIC code is 6153.