Routable

Routable

Automates enterprise payments and invoicing

Overview

Routable automates business payments for enterprise and mid-market companies, handling the full payment lifecycle from invoicing to payout. It streamlines accounts payable and receivable by using OCR to scan invoices and generate payables, reducing processing time and enabling either monthly batches or real-time payouts. The platform integrates with banks and financial institutions (such as Currency Cloud and CFSB) to offer electronic money services and secure transfers, funded by a mix of subscription fees and per-transaction charges. Routable differentiates itself through end-to-end automation, a strong security posture with a dedicated Infrastructure and Security team, and a customer-focused culture that emphasizes empathy and reliable support. The company’s goal is to help businesses operate payments more efficiently, cut manual work, and win large enterprise deals by delivering secure, scalable payment automation.

YC Company

About Routable

Simplify's Rating
Why Routable is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Series B

Total Funding

$46.2M

Headquarters

San Francisco, California

Founded

2017

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Simplify's Take

What believers are saying

  • Predictive coding and fraud AI expand TAM beyond AP automation into risk management.
  • FedNow partnership captures growing instant payments demand as Fed adoption accelerates.
  • Global payout infrastructure positions Routable for marketplace and gig economy scaling.

What critics are saying

  • Bill.com's enterprise dominance and 95% automation capability erodes Routable's mid-market positioning.
  • Stripe Billbox embeds AP invoicing into dominant platform, capturing SMB customers directly.
  • CFPB open banking rules eliminate transaction fee revenue as JPMorgan replicates API payments.

What makes Routable unique

  • AI-powered fraud detection and predictive bill coding automate AP beyond OCR.
  • FedNow and RTP integration enables instant domestic payments across 220+ countries.
  • Developer-first API integrates in under 5 minutes with 99.8% ERP sync accuracy.

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Funding

Total Funding

$46.2M

Below

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Routable
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

🏥 Great Health, Dental & Vision Insurance

💲 Competitive salary

📈 Stock options

💰 401k

💸 Work from Home stipend

🚀 We're a remote team

🏝 Flexible vacation policy

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

1%

2 year growth

-5%
FF News
Aug 14th, 2025
Routable Teams Up With FedNow for Expanded Instant Payments Coverage

Routable, the leading accounts payable automation platform, announced the availability of FedNow instant payments for Routable customers.

Cision
Jun 9th, 2025
Routable'S Newest Ai Innovation Expands On Invoice Automation To Predict Bill Codes, Saving Time For Accounts Payable Teams

"The promise of OCR has long been unfulfilled, leaving finance and accounting professionals feeling discouraged. With the latest advances in AI and machine learning, Routable is able to not only deliver on that promise, but also take it further," said Omri Mor, CEO and Co-founder of Routable

Routable
Jun 9th, 2025
Predictive coding announcement

Routable, the leading accounts payable automation platform, announced its newest AI features today at the Sage Future conference in Atlanta: predictive bill coding.

PYMNTS
Apr 2nd, 2025
Nice Actimize Adds Agentic Ai To Financial Crime Prevention Platform

NICE Actimize added agentic AI capabilities to X-Sight ActOne, the company’s platform for fraud and financial crime prevention. Available through X-Sight ActOne’s InvestigateAI, the agentic AI capabilities orchestrate all fraud and financial crime prevention workflows on one platform, automate processes and engage human oversight only when necessary, the company said in a Wednesday (April 2) press release. “This empowers financial institutions to scale operations and realize transformative cost and labor efficiencies,” NICE Actimize CEO Craig Costigan said in the release

PYMNTS
Feb 6th, 2025
Routable Adds Fraud-Detecting Ai Agent To Ap Automation Platform

Routable has enhanced its accounts payable (AP) automation platform by adding an AI agent that can detect both invoice fraud and human error. “As fraudsters get more creative, it’s become impossible for humans to keep up,” Routable CEO and Co-Founder Omri Mor said in a Thursday (Feb. 6) press release. “Routable’s newest offering uses the power of AI [artificial intelligence] to detect and prevent both invoice fraud and human error — giving AP teams superhuman visibility to protect the business.”. The machine learning and generative AI now incorporated into Routable’s AP automation platform will detect invoice anomalies, duplicate invoices and human data entry errors, according to the release

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