What is Routable?
Founded in 2018 and headquartered in San Francisco, CA, Routable offers a secure invoice and bill payment platform designed to streamline business payment processes for companies. The service facilitates efficient management of financial transactions, aiming to reduce complexity and enhance security in B2B payments. Routable operates within the fintech industry, providing critical infrastructure for businesses managing their accounts payable and receivable.
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 Jack Altman, Sam Altman, and Flexport
Key Investors in Routable
Box Group
BoxGroup is an early-stage investment fund that focuses on technology companies across various sectors including climate, fintech, and software. The firm invests in solo founders and innovative ideas, supporting ventures that range from developer tools to marketplaces and frontier tech.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
Flexport
Flexport is a technology-driven freight forwarding and global supply chain management company headquartered in San Francisco, California. Founded in 2013, Flexport provides businesses with an AI-powered platform that unifies logistics operations across ocean, air, trucking, and rail offering end-to-end visibility and control from factory floor to customer delivery.
What's next for Routable?
The recent major strategic investment indicates a phase of accelerated growth and market expansion for Routable. This capital infusion is likely to be directed towards enhancing the platform's capabilities, expanding its service offerings, and potentially entering new markets. The company's focus on secure and efficient business payments positions it to capitalize on the increasing demand for digital transformation in financial operations.
See full Routable company page
