Routefusion, an Austin-based financial infrastructure provider, has successfully raised $26.5 million in Series A funding. This investment round was led by PeakSpan Capital, with additional support from Silverton Partners, bringing the company’s total funding to $40.7 million.
Routefusion’s platform integrates fragmented payment rails, currency conversion capabilities, and compliance requirements into a single API. This allows clients to seamlessly incorporate these complex functionalities into their offerings. The firm oversees the entire infrastructure process, including onboarding, compliance, and go-live support, enabling platforms to avoid the challenges of fragmented systems.
The newly acquired funds will be utilized to expand Routefusion’s partner network, enhance its liquidity and compliance capabilities, and grow its product, engineering, and go-to-market teams.
Colton Seal, CEO of Routefusion, stated: “Much like Visa transformed domestic commerce, Routefusion is unifying access to the global payments ecosystem. Our mission is to ensure that businesses, regardless of size or geography, can move money with the same speed, trust, and transparency as they operate locally.”