Company Research Report

Company Overview

• Name: Ordo, the trading name of The Smart Request Company Ltd

• Mission: Ordo aims to transform and digitize the world of payments through an Open Banking payments platform designed to reduce the cost and complexity of taking payments and making it easier for customers to pay.

• Founded: 2018

• Founders: The company was founded by the former management team of the UK’s Faster Payments Scheme.

• Key People:

• Nick: Chairman & Co-founder

• Craig: Chief Executive Officer & Co-founder

• Mike: Chief Technology Officer & Co-founder

• Fliss: Director & Co-founder

• George: Chief Operations Officer & Co-founder

• Toby: Head of Product

• Emilie: Head of Marketing

• Headquarters: 1 High Street, Thatcham, RG19 3JG, United Kingdom

• Number of Employees: No information is available

• Revenue: No information is available

• Notable For: Ordo is known for its Open Banking Payments-as-a-Service, providing secure, low-cost, real-time request-to-pay solutions for e-commerce, Point of Sale, invoices, and contact center payments.

Products

Open Banking Payments-as-a-Service

• Description: A turn-key solution for Open Banking payments offering seamless and cost-effective payment methods.

• Key Features:

• Secure, cloud-based, and hosted platform

• End-to-End Managed Service with project-managed API integration

• White-labelled interfaces for branding and customer interaction

• Integration with QuickBooks, Sage, and Xero

Request to Pay Solutions

• Description: Enables businesses to collect payments via various channels including online, in-person, and through invoices.

• Key Features:

• Secure tokenised links and QR codes

• Real-time payment authorisation

• Minimisation of fraud risks

Variable Recurring Payments (VRP)

• Description: Designed for both fixed and variable recurring payment collections.

• Key Features:

• Immediate payment setup and collection

• Sweeping and non-sweeping capabilities

E-commerce and Online Payments

• Description: Use Open Banking to reduce card payment costs and improve checkout experiences.

• Key Features:

• Secure ‘Pay Now’ button

• Integrated refunds management

Recent Developments

• Recent Partnerships:

• In partnership with CGI, a donation platform was launched for certain fundraising events, such as Morph’s Epic Art Adventure, supporting causes including Whizzkidz.

• Ordo collaborated with Siemens for a new payment solution for energy suppliers.

• Partnerships with other businesses including Moneyline for VRP offerings.

• Platform Enhancements:

• Introduction of VRP solutions enabling repeated payments under a single agreement.

• Ordo has been accepted onto the Crown Commercial Service (CCS) open banking DPS, expanding its government-related services.

• Awards:

• #2 Best Collaboration of the Year with Custom Credit at Fintech Awards London (2024)

• Open Banking Initiative of The Year Finalist (2023)

• Fund Raising: In October 2022, Ordo secured £10 million in Series A funding to further enhance their payment solutions.

Additional Information

• Regulatory Status: Ordo is regulated by the Financial Conduct Authority (FRN 836070).

• Technology Integration: Ordo’s solutions are integrated with modern APIs enabling swift deployment for their clients.

• Developer Support: A Developer Portal is available for those needing API integration support.