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§ Private Profile · San Francisco, CA, USA
Simplifying payouts at scale
Routable has raised $42.0M across 2 funding rounds.
Key people at Routable.
Routable was founded in 2017 by Omri Mor (Founder/CEO) and Tom Harel (Founder).
Routable has raised $42.0M in total across 2 funding rounds.
Routable’s secure B2B payments platform helps finance teams automate and simplify the payables process from invoice receipt to settlement. With support for your existing workflows and the flexibility to scale transactions from 100 to 100,000+, the platform was purpose-built to handle mass payouts reducing time spent on tedious tasks.
Routable is a fintech company that simplifies and automates business-to-business (B2B) payments and accounts payable processes at scale. Its platform enables companies to streamline invoice processing, vendor payments, and compliance management while integrating seamlessly with popular accounting software like QuickBooks and Xero. Routable serves a diverse range of sectors including marketplaces, gig economy, insurance, real estate, logistics, manufacturing, and nonprofits. The product is designed to support finance, operations, engineering, and other teams collaboratively, allowing businesses to scale payouts from hundreds to hundreds of thousands per month efficiently and with strong controls[1][2][4][5].
For an investment firm, Routable represents a fintech startup with a mission to simplify complex business payments, leveraging automation and integration to reduce manual work and errors. Its investment appeal lies in addressing a critical pain point in financial operations across multiple industries, with a scalable SaaS model and growing customer base including Ticketmaster and Ethos. Routable’s impact on the startup ecosystem includes advancing fintech innovation in B2B payments and enabling businesses to optimize cash flow and operational efficiency[1][3][4].
Routable was founded in 2017 by Omri Mor (CEO) and Tom Harel (CTO). Omri Mor, a serial entrepreneur with prior fintech infrastructure experience and successful exits, teamed up with Tom Harel, a self-taught data scientist and software engineer who previously led financial integration teams at EAT24 (acquired by Yelp). The idea emerged from their firsthand experience building custom business payment software and encountering significant roadblocks such as slow payment processing and difficulty automating workflows across departments. They aimed to create a unified platform that could automate and scale payments while maintaining control and compliance[1][4][6].
The company started in Seattle, initially named Warren, and later moved to San Francisco after graduating from Y Combinator. Early traction included raising $12 million in Series A funding and securing high-profile clients across various industries. Despite economic challenges during the pandemic, Routable successfully scaled its operations and expanded its product capabilities[1][4].
Routable rides the growing trend of digital transformation in financial operations, particularly the automation of B2B payments and accounts payable. The timing is favorable due to increasing demand for scalable, efficient payment solutions amid expanding gig economies, marketplaces, and global vendor networks. Market forces such as the rise of remote work, globalization of supply chains, and the need for real-time financial visibility drive adoption of platforms like Routable.
By enabling businesses to automate complex payment workflows and scale mass payouts, Routable influences the broader fintech ecosystem by setting new standards for operational efficiency and compliance in B2B payments. Its integration-first approach and focus on user experience help accelerate the adoption of automated financial infrastructure across industries[1][2][4].
Looking ahead, Routable is well-positioned to deepen its foothold in the B2B payments space by expanding its global payment capabilities and enhancing automation features. Trends such as increased cross-border commerce, regulatory complexity, and demand for real-time financial data will shape its product evolution. The company’s ability to serve diverse industries and scale with enterprise needs suggests growing influence in fintech infrastructure.
Routable’s future may include broader ecosystem partnerships, advanced AI-driven payment intelligence, and expanded financial services offerings. As businesses increasingly prioritize automation and compliance, Routable’s platform could become a foundational tool for modern finance teams, continuing to simplify payouts at scale and driving innovation in B2B payment workflows[1][3][5][6].
Routable has raised $42.0M across 2 funding rounds. Most recently, it raised $30.0M Series B in April 2021.
Key people at Routable.
Routable was founded in 2017 by Omri Mor (Founder/CEO) and Tom Harel (Founder).
Routable has raised $42.0M in total across 2 funding rounds.
Routable's investors include Jack Altman, Sam Altman, 20VC, Accomplice VC, AirAngels, Alt Capital, Astanor Ventures, Background Capital, Battery Ventures, Caffeinated Capital, Craft Ventures, CRV.
