Routable is a financial technology (fintech) company that specializes in automating business payments. The company primarily serves enterprise and mid-market clients, helping them streamline their accounts payable and receivable processes. Routable operates in the financial services market, focusing on payment solutions that enhance efficiency and reduce manual work.

The core of Routable's business model revolves around providing a platform that automates the entire payment lifecycle. This includes invoice processing, payment scheduling, and real-time payouts. The company leverages Optical Character Recognition (OCR) technology to scan invoices and create payables, cutting invoice processing time by 60%. This automation allows businesses to maximize their payout processes, whether they prefer monthly batches or real-time payouts.

Routable makes money through a combination of subscription fees for using its platform and transaction fees for the payments processed through its system. The company partners with banks and financial institutions to offer these services, ensuring that funds are securely held and transferred. For example, in the U.S., Routable collaborates with Currency Cloud and CFSB to provide electronic money services.

Security is a top priority for Routable. The company has a dedicated Infrastructure and Security team that continuously monitors and reviews its systems to protect against vulnerabilities, such as the recent Log4j vulnerability. This commitment to security helps Routable build trust with its clients, enabling them to win enterprise deals.

Routable's team is driven by a culture of empathy, inclusiveness, and collective ownership. They prioritize helping others and actively listen to the needs of their customers, fostering strong relationships and delivering exceptional support.

Keywords: fintech, payment automation, OCR, enterprise clients, mid-market, accounts payable, real-time payouts, security, subscription fees, transaction fees.