Routable provides an API-driven platform to automate accounts payable and accounts receivable, handling every step from purchase order to reconciliation. The company initially targeted startups and SMBs but is expanding into the enterprise market and investing in enterprise integrations. It has established integrations with QuickBooks, NetSuite and Xero and plans to add Oracle, Microsoft Dynamics, Workday and SAP. Routable was founded by CEO Omri Mor and CTO Tom Harel, both Y Combinator alumni, after interviewing hundreds of CFOs and finance leaders. Since its August 2020 raise the company says revenue has grown 380% and it tripled new customers month-over-month last month, with customers that include Snackpass, Ticketmaster and Re-Max. The team is primarily remote with headquarters in San Francisco and Seattle. Routable provides a platform to simplify business-to-business accounts payable and receivable, letting users import bills via email, scan, upload, or an API for bulk processing. For payables, the product routes bills for approval, offers real-time two-way ledger sync to ease reconciliation, and supports scaling from small to large payment volumes. For receivables, Routable automatically routes invoices, collects revenue, updates payment records, and connects to accounting software to simplify invoicing. The founders built the company after encountering challenges building custom payment solutions for businesses and independent contractors. Routable works with customers including Garmentory, Re/Max, and Snackpass. The company plans to use its new funding to hire, scale the product, launch new features, and introduce a mid-market product for larger teams.

Total raised

$42M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2021