Routefusion Raises $3.6M in Seed Funding
Summary
As part of their investment, Roger Chen, Partner at Silverton, will join the company’s board of directors and Andrew Lee, Partner at early-stage venture capital firm Initialized Capital, will hold a board observer seat. Craig Hanson, General Partner at NextWorld Capital, will also hold a board observer seat. The company intends to use the funds to continue its self-serve product expansion, help facilitate new global banking partnerships, and expand upon its current partnerships with AFEX, MoneyCorp, Cambridge, Tempus, ReserveTrust, Nium, and Buckzy. Its API enables neo-banks, payroll providers, platforms, and marketplaces to begin offering cross-border payments to their customers in as quickly as two days. At the end of 2020, the company facilitated nearly $40 million in transactions from its client roster which includes Synapse, Rippling, GrainChain, CardUp, Jeeves, Headcount, and many others.
Funding
Review available funding amount, funding date, investors, and linked company information related to Routefusion Raises $3.6M in Seed Funding in the interactive ISVWorld profile.