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Routefusion Raises $10.5 Million, Provides Cross-Border Finance Infrastructure To Fintechs Seeking Global Expansion

Jan 19, 2022•over 3 years ago

Amount Raised

$10.5 Million

Austin

Description

Routefusion, the most comprehensive fintech solution for unlocking global expansion, today announces their $10.5 million Seed Prime Funding Round co-led by Canvas Ventures and Silverton Partners with participation from Haymaker Ventures, Initialized Capital, Sherwin Gandi (co-founder of Jeeves), and Aldrin Clement (co-founder of Novel Bank). Rebecca Lynn, co-founder and general partner at Canvas Ventures, joined Routefusion's board of directors. In the past 11 months, the company has experienced +200% organic customer growth and +5000% revenue growth.

Company Information

Company

Routefusion

Location

Austin, Texas, United States

About

Routefusion provides a simple, fast solution for expanding banking and payment operations internationally. With its easy-onboarding API, Routefusion empowers fintech companies with cross-border superpowers to get connected immediately with multiple banking, FX, and local payout partners across the world. Headquartered in Austin, Texas, and co-founded in 2018 by software engineers Colton Seal and Richard Scappaticci, Routefusion is a modern solution built for innovative companies looking to grow globally. SOURCE Routefusion

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech