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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.
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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Total Funding
$46.2M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
🏥 Great Health, Dental & Vision Insurance
💲 Competitive salary
📈 Stock options
💰 401k
💸 Work from Home stipend
🚀 We're a remote team
🏝 Flexible vacation policy
Routable, the leading accounts payable automation platform, announced the availability of FedNow instant payments for Routable customers.
"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, the leading accounts payable automation platform, announced its newest AI features today at the Sage Future conference in Atlanta: predictive bill coding.
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
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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Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$46.2M
Headquarters
San Francisco, California
Founded
2017
Find jobs on Simplify and start your career today