#Payments / Routable raises $16 million; emerges from stealth mode

A Y Combinator graduate, Routable automates account payable and receivables, handling bill processing and invoice routing with direct connections to accounting software.

Emerging from the University of Washington’s fintech incubator in 2018, Routable was established to overcome the problems experienced by firms using custom-built business payment software.

[co-founder and CEO:] “Sending 1,000 business payments per month is a much different proposition than sending 10,000 or 100,000 monthly payments… We built Routable from the ground up to meet the needs of modern teams and provide the tools, integrations, and visibility they need to thrive.”