Two marketplace engineers got tired of rebuilding payout tools by hand. So they built the platform, raised from the Altmans, and turned accounts payable into software worth funding.
“We automate accounts payable.” It is not a phrase that clears a dinner table. It is, it turns out, a phrase that clears a Series B.
Here is a fact about money that everyone knows and no one enjoys: businesses have to pay each other, constantly, in enormous and irregular quantities, and the machinery for doing so is mostly held together with spreadsheets, email chains, and a person named Dana in accounting who has memorized everyone's ACH details. This is the problem Routable decided to solve. It is not glamorous. It is worth a great deal of money.
The company was founded in 2017 by Omri Mor and Tom Harel, two engineers who had built payout infrastructure at marketplaces and noticed something irritating: every company was building the same thing from scratch, badly. If you run a platform that pays thousands of drivers, sellers, or contractors, you eventually discover that moving money out is a genuinely hard engineering problem wearing the costume of a boring back-office chore. Mor and Harel decided to build the tool once, properly, and sell it to everyone else.
They started in Seattle under the name Warren, went through Y Combinator, rebranded to Routable, and moved to San Francisco - the standard pilgrimage. What is less standard is who showed up to fund it. When Routable raised its $30 million Series B in April 2021, the round was co-led by Sam Altman, later of OpenAI, and his brother Jack Altman of Lattice. The angel list read like a group chat of people who have personally suffered through paying vendors at scale: Marc Benioff, Aaron Levie, Joe Gebbia, Lachy Groom, Gokul Rajaram. Flexport put in money too.
What Routable actually does is take an invoice from the moment it lands in an inbox to the moment the money settles and the ledger updates - without a human retyping anything. AI-powered optical character recognition reads the invoice. The system matches it against purchase orders, two-way and three-way, and flags what doesn't add up. Approval workflows route it to whoever needs to sign off. Then the platform pays the vendor - by ACH, debit, real-time rails, FedNow, or across borders in another currency - and syncs the whole thing back to the accounting system so the books and the bank never disagree.
The pitch to a finance team is unglamorous and specific: the OCR cuts manual invoice data entry by as much as 80 percent. That is not a slogan. It is a Tuesday afternoon that a human being gets back. Multiply it across a company that processes thousands of invoices a month and you have the entire value proposition, quantified.
In 2025 Routable added the thing every enterprise software company eventually adds: an AI agent. This one has an actual job. It scans invoices during processing for duplicates, anomalies, and the specific flavor of human error that comes from a tired person entering a number twice. The point of fraud prevention, the company's bet goes, is not catching the theft after the money leaves - it is never letting the suspicious invoice through the door in the first place.
The competitive field is crowded and named the way fintech names things: Bill.com, Tipalti, Melio, Stampli, AvidXchange, and the expense-card crowd of Ramp and Brex circling from the side. Routable's wager is that high-volume mass payouts, an API-first architecture, and a genuine multi-rail, cross-border engine are the parts that are hardest to fake - and hardest for a customer to rip out once installed. Infrastructure, once trusted, tends to stay.
AI invoice capture and OCR, two- and three-way PO matching, custom approval workflows, and automated reconciliation synced to your accounting system.
Pay thousands of vendors, contractors, or recipients at once via ACH, debit, real-time rails, and international methods - from a single platform or CSV upload.
Automated onboarding, data validation, global watchlist and compliance checks, and role-based access controls so paying strangers stays safe.
Real-time payments and FedNow support plus multi-currency international payouts, delivered domestically or globally.
Automated vendor tax-form collection, compliance checks, and end-of-year 1099 filing - the paperwork nobody volunteers for.
Machine learning and generative AI flag duplicate invoices, anomalies, and data-entry errors during processing, before payment goes out.
A serial entrepreneur who built fintech infrastructure for marketplaces and optimized e-commerce before Routable, with a prior exit under his belt. Named one of the Top 50 Fintech Influencers of 2024. He is the voice of the “easy business payments” thesis.
A self-taught software engineer with more than 20 years across payments architecture and distributed systems. He leads the technical side - the rails, the matching engine, and increasingly the AI that reads the invoices.
From a YC seed to a Series B co-led by both Altman brothers. Figures below are drawn from public reporting; some later rounds are approximate.
| Round | Amount | Date | Notable Backers |
|---|---|---|---|
| Seed | to ~$16M cum. | 2017 | Y Combinator, Founders Co-op |
| Series A | $12M | Aug 2020 | Lee Fixel, BoxGroup, Liquid 2, Immad Akhund |
| Series B | $30M | Apr 2021 | Sam & Jack Altman, Flexport, Benioff, Levie, Gebbia |
| Series B1 | $50M* | Apr 2022 | Reported; investors undisclosed |
Omri Mor and Tom Harel start the company and go through Y Combinator, later renaming it Routable.
Routable officially launches its business payments platform and announces its Series A.
Sam and Jack Altman co-lead, with angels including Benioff, Levie, and Gebbia.
Additional growth capital raised to scale the platform and grow the team.
The CEO is recognized among the Top 50 Fintech Influencers of 2024.
Routable adds an AI agent that flags duplicate and anomalous invoices before payment.
For a company whose product is largely automation, Routable frames its culture in deliberately human terms - five stated values that govern a business built on moving other people's money.
Start from the other person's problem, not the ticket.
Help before you're asked.
Say the real thing.
Accountability over alibis.
Ship things that matter, not things that impress.
Finance and ops teams at marketplaces, gig platforms, nonprofits, and enterprises. Named customers include Sol Systems, GoShare, and City Flavor.
Search these channels for founder interviews and platform walkthroughs.
Routable is a B2B payments platform that automates accounts payable and mass payouts - capturing invoices with AI OCR, running approvals and compliance, paying vendors across multiple rails, and reconciling back to accounting systems.
Omri Mor (CEO) and Tom Harel (CTO) founded the company in 2017, originally as “Warren” in Seattle before rebranding and relocating to San Francisco.
Backers include Y Combinator, Founders Co-op, Flexport, and angels such as Sam Altman, Jack Altman, Marc Benioff, Aaron Levie, and Joe Gebbia. Its $30M Series B was co-led by the Altman brothers.
Finance and operations teams that handle high volumes of vendor and contractor payments - marketplaces, gig platforms, nonprofits, and enterprises. Named customers include Sol Systems, GoShare, and City Flavor.
Routable emphasizes high-volume mass payouts, an API-driven architecture, multi-rail and cross-border payments, and AI-driven invoice and fraud automation - positioning itself for teams that pay many recipients at scale.