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We’ve raised $30M in Series B funding to build the best business payment platform

We’ve raised $30M in Series B funding to build the best business payment platform
We're thrilled to announce that we'll continue our momentum to build the best platform for business payments with $30M in Series B funding.

Over the past eight months, two themes have remained consistent for our team – momentum and investment.

With each new day, these two themes become more intertwined. The more we invest in our customers and our employees, the faster we’re able to release product updates and grow our customer base.

Today I’m thrilled to announce that Routable will continue our momentum to build the best platform for business payments with $30M in Series B funding.

We’re excited to welcome our new investors

The round was led by Sam Altman, CEO of Open AI and former president of Y Combinator, and Jack Altman, CEO of Lattice. Additional investors include Flexport as well as angel investors, including Max Mullen (Instacart), Joe Gebbia (Airbnb), Aaron Levie (Box), Marc Benioff (TIME Ventures), Gokul Rajaram (DoorDash), Lachy Groom (formerly of Stripe), Scott Belsky (Founder of Behance), Nick Mehta (Gainsight), Wade Foster (Zapier), and many more.

We're extremely fortunate to have the best minds in the enterprise startup world join our growth as we set sight on alleviating the pain Fortune 5000 companies experience when scaling their business payment operations.

What we’ve been building at Routable

Since our last funding announcement, our team delivered on our promise of building the best ERP integration, launching a seamless two-way sync with Oracle NetSuite. We’ve received positive feedback from our customers and are enthused to know that our efforts are helping them save time and streamline internal approval processes.

What’s next

It’s become fashionable as of late to say that every startup is a fintech startup – as software continues to eat the world, companies find themselves building into markets with diminishing transaction sizes.  These ever-shrinking transactions are simply too small for a human manually process, and require new automated processes to realize. Tom and I started Routable to solve just that problem.

Rather than forcing innovators to waste time building non-core in-house payments software, we built Routable as the financial backbone to enable the next generation of business.  Companies can simply integrate with the Routable API and pay their vendors, without ever having to worry about writing code to touch money.

And we’ve just scratched the surface.

We’re now excited to triple the size of our team and deliver on our mission to remove the burden of the bill payment and invoicing processes by building features to help automate as much of the Accounts Payable process for finance, operations, and engineering teams.  

We also plan to launch a suite of new ERP and business integrations that will make sharing business payment information amongst teams easier than ever before. That includes building out integrations with Workday, Oracle, and Microsoft Dynamics over the course of the next 18 months.

My favorite thing about growing Routable is getting to work with our brilliant team members. Together we invest so much of our days to ensure we can build the best product and can provide superior customer service. We are meticulous, methodical, and most importantly authentic with every one of our processes, whether we’re building an endpoint for our API or writing a new onboarding guide for our customers.

As we prepare for our largest growth phase of the company, we are seeing new departments created each month due to increased demand. While there may not be an immediate job listed on our job board for you I highly recommend that you reach out to us at job@routable.com.

We are looking for passion, authenticity, and motivation… we’re 100% remote, with employees in over eighteen states and four countries worldwide.

If you’re interested in joining our team and helping us employ in all 50 states and 100+ countries, please reach out to us – we’d love to chat.

- Omri Mor, Co-founder & CEO

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