Routable

Routable is a fintech startup and is the simplest way to send and receive business-to-business (B2B) payments.

Routable helps companies speed up their business payments using a secure invoice and bill payment platform.

Routable was founded in 2017 by Tom Harel and Omri Mor. The company is headquartered in San Francisco, California and has its roots in Seattle, Washington.

 

Routable offers friction-free accounts payable, simplifying the payables process from receipt to settlement. For payables, the platform enables professionals to import bills any way they want. They can email, scan, and upload bills to process one or thousands of payments and leverage the API for bulk processing.

Routable's secure payments solution helps your Accounts Payable / Accounts Receivable team automate bill-pay and invoicing, find errors, request authorization from supervisors, and streamline your company’s cash flow.

Routable enables the right bills to get approved by the right people easily without delays, and their real-time two-way sync keeps businesses’ ledgers up-to-date, making reconciliation a breeze. For receivables, Routable automatically routes invoices, collects revenue, and updates payment records. The platform easily connects to accounting software to make sending invoices a breeze.

 

Routable is backed by Sam Altman CEO of Open AI and former president of Y Combinator; Jack Altman CEO of Lattice; Flexport; Liquid 2 Ventures and others. The company raised $30M in Series B round on Apr 15, 2021. This brings Routable's total funding to $46M to date.

 

 

  • Year founded: 2017
  • Funding Info: $46M over 3 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: San Francisco
  • State: California
  • Country: United States
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