What is Routable?
Founded in 2018, Routable offers a robust platform designed to streamline and secure business-to-business payments. The company's services cater to businesses seeking to manage their financial transactions efficiently, providing a comprehensive solution for invoice and bill processing. By leveraging technology to enhance security and user experience, Routable aims to simplify complex payment workflows for its enterprise clients, positioning itself as a key player in the fintech landscape.
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, Y Combinator, Lee Fixel, and Founders Co-Op
Series B (2021): $30M led by Flexport, Sam Altman, and Jack Altman
Key Investors in Routable
Flexport
Flexport is a digital freight forwarder and customs brokerage company focused on accelerating performance and growth for supply chains through data-driven decisions.
Box Group
BoxGroup is an early-stage investment fund that focuses on technology companies across various sectors including climate, fintech, and software, investing in visionary projects and conversations in the tech industry.
Y Combinator
Y Combinator is a startup accelerator that provides seed funding for promising businesses and connects them with investors, having been established in 2005.
What's next for Routable?
With the recent infusion of major strategic capital, Routable is poised for accelerated growth and innovation. The company is likely to focus on expanding its service offerings, enhancing its platform's capabilities, and broadening its market reach. This enterprise-level funding suggests a strategic push towards scaling operations, potentially exploring new verticals or deepening its penetration in existing markets. The investment will also likely support advancements in security protocols and user-centric features, reinforcing Routable's commitment to providing a secure and efficient payment ecosystem for businesses.
See full Routable company page
