Stephen Connolly, Ordorite

How Ordorite secured key deals and reached cash break-even

Accelerated growth. Extended runway

Ordorite Software

Ireland

Ordorite is a SaaS platform providing end-to-end retail management for furniture, bedding, and related retailers. Offices in Ireland, the UK, and Canada.

SaaS
Business model
€1m
ARR
€500k
Current credit facility
€1.4m
Total credit used
13
Number of loans
100%
ARR growth

Stephen Connolly

Founder, Ordorite

“Float’s credit helped us move quickly and secure key deals without delaying our growth or giving up ownership. It gave us access to funding right when we needed it the most.”
Stephen Connolly, Ordorite

Challenge

Cashflow

Needed upfront funds to onboard and deliver two high-value contracts.

Momentum

Couldn’t delay without risking the deals and market pace.

Dilution

Equity would mean giving up ownership too early.

Bank loans

Small, inflexible loans that couldn’t match their pace.

Solution

Evolving credit

€500k line that grew with ARR, continuous access to funds.

No delay

Funding in days. No momentum lost.

Non-dilutive

Kept ownership and grew on their terms.

Built-in flexibility

13 draws - custom terms each time. Draw, grow, repeat.

Result

Ordorite closed two high-value deals, secured significant onboarding revenue, and is on track for strong full-year results reaching cash break-even.

Growth

100% ARR growth. Accelerated MRR and strengthened the pipeline.

Impact

Onboarding funded without cash-flow strain; faster time-to-value.

Progress

Cash break-even reached; scaling with control and flexibility.

Stephen Connolly

Founder, Ordorite

“We couldn’t have done it without Float. It helped us close key deals, reach cash break-even, and keep control of our business. It really made a big difference for us.”
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