Routable: A Comprehensive Look at the Innovative Accounts Payable Platform Founded in 2017
In the rapidly evolving landscape of financial technology, companies that streamline and automate complex payment processes are gaining significant traction. Among these is Routable, a company that has established itself as a leader in simplifying business-to-business (B2B) payments worldwide. Since its inception in 2017, Routable has garnered attention for its innovative approach to accounts payable automation, robust leadership, and substantial funding. This post provides a detailed overview of Routable, including its founders, leadership, funding history, company details, and what sets it apart in the fintech industry.
Introduction to Routable: Company Overview & Details
Founded in 2017, Routable is a San Francisco-based fintech company that offers an accounts payable platform designed to automate and scale B2B payments across the globe. Its core mission is to simplify the complexities involved in sending payments in a business context, making the process more efficient, transparent, and manageable.
Routable's platform supports organizations in automating their payments, whether they are issuing hundreds or tens of thousands of transactions. This capability is particularly valuable for mid-sized to large enterprises seeking to optimize their cash flow and reduce manual administrative tasks associated with traditional payment methods.
Founders and Leadership
Routable was founded by Omri Mor, a seasoned entrepreneur and industry expert. As the CEO, Omri Mor drives the company's strategic vision and oversees operations, ensuring that Routable continues to innovate within the fintech space.
The leadership team also includes Brian Walerius, serving as the Chief Technology Officer (CTO). Under their guidance, Routable has advanced its technology stack, focusing on secure, scalable, and user-friendly solutions to meet the diverse needs of its clients.
Company Details & Key Data
- Headquarters: San Francisco, United States
- Team Size: Between 51 and 100 employees
- Founded: 2017
- Official Website: Routable
- Funding Raised: $30 million across four funding rounds, with the latest on May 15, 2021
Routable's impressive funding history underscores investor confidence in its potential and growth trajectory. The company has successfully attracted venture capital to enhance its platform and expand its market reach.
What Makes Routable Unique?
What distinguishes Routable from other fintech providers is its focus on automation at scale. Unlike traditional payment systems that often require manual intervention, Routable's platform enables seamless automation of B2B payments. Its ability to handle between 100 to over 100,000 transactions worldwide makes it a versatile solution adaptable to various business sizes and industries.
Furthermore, its emphasis on security, compliance, and user experience positions Routable as a trusted partner for enterprises seeking reliable financial operations solutions.
Examples of Routable in Action
Many organizations have adopted Routable to streamline their payments. For instance, a rapidly growing technology startup might utilize Routable to automate vendor payments, ensuring timely transactions while reducing manual errors. Similarly, a multinational corporation can handle cross-border payments efficiently, leveraging Routable's global capabilities.
These real-world applications demonstrate Routable's capacity to impact operational efficiency significantly, freeing up resources and reducing operational risks.
Investment and Funding
Routable has raised a total of $30 million through four funding rounds, with the latest round completed on May 15, 2021. This influx of capital is primarily aimed at enhancing the platform’s automation features, expanding its global reach, and accelerating growth.
Challenges and Competition
While Routable has established a strong position in the fintech payments space, it faces competition from other players offering similar accounts payable solutions. The industry is dynamic, with emerging startups and traditional financial institutions continually innovating. Challenges include maintaining technological superiority, complying with international financial regulations, and scaling operations without compromising security.
Conclusion
Since its founding in 2017, Routable has grown into a prominent fintech company specializing in automating B2B payments. Led by founder and CEO Omri Mor, and supported by a talented leadership team, the company has secured substantial funding—totaling $30 million—and continues to innovate in the accounts payable space. Its ability to streamline and automate complex payment processes makes it a valuable partner for dynamic enterprises seeking efficiency and growth.
As the fintech industry evolves, Routable's commitment to providing scalable, secure, and user-friendly payment solutions positions it well for continued success and expansion in the global marketplace.
