Ordway Raises $20M to Expand AI-Powered Billing and Revenue Management Platform

Ordway Secures $20 Million to Accelerate AI Billing Platform

Washington, D.C.-based Ordway has raised $20 million in a combination of equity and debt financing to expand its AI-powered billing and revenue management platform.

The funding round was led by Harbert Growth Partners, with debt participation from Western Alliance Bank's Innovation Banking Group.

Modernizing Billing and Revenue Operations with AI

Led by CEO Sameer Gulati, Ordway provides an AI-powered monetization platform designed for businesses operating subscription-based and usage-based pricing models.

Its platform automates the entire quote-to-cash lifecycle, including:

• Subscription management

• Usage-based billing

• AI-powered cash reconciliation

• Contract data abstraction

• Revenue recognition

• Self-service customer portals

• Integrated payment processing

The platform helps businesses simplify complex billing operations while improving financial accuracy and operational efficiency.

Funding to Accelerate AI Product Development

Ordway will use the new funding to:

• Double its research and development (R&D) investment

• Accelerate its AI product roadmap

• Expand AI-powered reporting and forecasting capabilities

• Support continued business growth

The company plans to strengthen its AI-driven financial automation tools as enterprises increasingly adopt subscription and consumption-based business models.