B2B Payments

Stripe Nabs Invoice Management Role

Invoice management and eCommerce firm Ordoro wants to make it easier for its business users to exchange payments, and the company has chosen who it wants for the job.

An announcement yesterday (Oct. 22) revealed Ordoro has chosen Stripe’s Relay to integrate its payment processing services onto the app platform, a move that the companies said will help support B2B payments in “nontraditional, more contextual” transactions.

[bctt tweet=”Ordoro has chosen Stripe’s Relay to integrate its payment processing services onto the app.”]

“Supporting multichannel eRetailers means supporting any medium merchants sell on,” said Ordoro CEO Jagath Narayan in a statement. “As platforms like Facebook and Twitter make the move toward eCommerce, we’re prepared to expand our app to support those channels.”

Stripe recently began a collaboration with Twitter, the companies noted, in an effort to ease the adoption of online shopping via social media. By linking into Ordoro, Stripe will be able to help businesses automatically align their storefront sales with their back-end inventory management.

Earlier this month it was reported that Stripe chose its first-ever chief financial officer, Will Gaybrick. At the time, CEO Patrick Collison said the appointment was based on the executive with the greatest technical understanding of Stripe’s product line.

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Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out the February 2019 PYMNTS Digital Fraud Tracker Report


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