What is Routable?
Founded in 2018, Routable provides a comprehensive, secure invoice and bill payment platform designed to simplify the complexities of business payments. The company operates at the intersection of fintech and enterprise software, offering a robust API-first architecture that allows businesses to automate their entire payment lifecycle. By replacing manual, error-prone processes with a unified digital interface, Routable enables finance teams to gain real-time visibility into cash flow, reduce operational overhead, and ensure compliance across diverse payment channels. Its market position is defined by its ability to integrate seamlessly with existing accounting software, making it an essential tool for organizations looking to optimize their financial operations in an increasingly digital economy.
How much funding has Routable raised?
Routable has raised a total of $42M across 2 funding rounds:
Series A
$12M
Series B
$30M
Series A (2020): $12M with participation from Box Group, Founders Co-Op, Y Combinator, and Lee Fixel
Series B (2021): $30M led by Sam Altman, Flexport, and Jack Altman
Key Investors in Routable
Flexport
Flexport is a technology-driven freight forwarding and global supply chain management company that leverages AI to unify logistics operations and provide end-to-end visibility for international trade.
BoxGroup
BoxGroup is an early-stage investment fund specializing in fintech, software, and developer tools, known for backing visionary founders at the earliest stages of company development.
Y Combinator
Y Combinator is a premier startup accelerator and seed-stage investment firm that provides capital and mentorship to high-growth technology companies.
What's next for Routable?
With the recent influx of capital, Routable is well-positioned to scale its engineering and product development efforts, focusing on enhancing its automated reconciliation features and expanding its global payment capabilities. The strategic focus will likely shift toward deepening integrations with enterprise resource planning systems and broadening its reach within the mid-market and enterprise segments. As the demand for automated financial infrastructure continues to rise, Routable is poised to leverage its current momentum to capture a larger share of the B2B payments market, potentially exploring new geographic markets and advanced treasury management features to further solidify its competitive advantage.
See full Routable company page
