That comes out to $16 million that the company has raised overall.
The round featured contributions from Y Combinator, Founders Co-Op, Lee Fixel, Box Group, as well as Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, Immad Akhund and more, the press release says.
The company plans to use the money to continue growing, including hiring more people and scaling the product.
Routable co-founder and chief executive Omri Mor said the idea behind Routable was to accommodate different companies’ needs for payments.
“Sending 1,000 business payments per month is a much different proposition than sending 10,000 or 100,000 monthly payments,” said Mor. “We believe finance departments deserve the best software and support as