Routefusion Raises $26.5 Million Series A to Expand Global Payments Infrastructure

Austin-based fintech firm Routefusion has closed a new funding round, announcing on October 9 2025 that it raised $26.5 million in a Series A round. This brings its total funding to approximately $40.7 million since its founding in 2018.

The Series A was led by PeakSpan Capital, with participation from existing investor Silverton Partners. As part of the deal, PeakSpan vice president Justin Kelly will join Routefusion’s board of directors.

Routefusion describes itself as a “unified network” for cross-border payments: its single API allows businesses to embed accounts, payments, currency conversion, and compliance in one integration. The company manages integrations, onboarding, and compliance in-house and offers redundancy across multiple banks and rails (including SWIFT, RTP, and even stablecoin networks) to deliver resilience in payments operations.

According to the company’s statement, the new capital will be used to expand its partner network, broaden its liquidity and compliance capabilities, and grow its product, engineering, and go-to-market teams. The objective is to deepen the platform’s coverage across accounts, foreign exchange (FX), and payments, and enhance onboarding and launch operations for its customers—which primarily include platforms and financial institutions with large cross-border payment flows.

Founded in 2018 by Colton Seal (co-founder and CEO) and Richard Scappaticci, Routefusion is headquartered in Austin, Texas, and serves businesses looking to embed global banking and payments capabilities. Customers include platforms in payroll and employer-of-record (EOR), B2B payments, neobanks, and contractor marketplaces.

In earlier rounds, Routefusion raised approximately $3.6 million in seed funding in 2021, led by Silverton Partners with participation from Initialized Capital, NextWorld Capital, and Plaid co-founder William Hockey. Later, in January 2022, it raised $10.5 million in a seed prime round co-led by Canvas Ventures and Silverton, with participation from Haymaker Ventures, Initialized Capital, and others.

Routefusion positions itself distinctly from consumer-oriented cross-border players: where companies like Wise or Airwallex focus on individual or small business payment flows, Routefusion emphasizes enterprise-grade embedded payments infrastructure, with high-volume platforms and international banks as core clients.

Colton Seal commented: “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.”

Justin Kelly of PeakSpan added: “The costs of building and maintaining these capabilities internally are prohibitive for most businesses. Routefusion delivers an enterprise-grade, turnkey solution that is deeply integrated, transparent, and compliant.”

With the fresh funding, Routefusion aims to scale rapidly: its network currently links to global FX and SWIFT payments in more than 180 countries, and local pay-ins and payouts in over 140 countries—all through its single API.

For investors, the appeal lies in the infrastructure-level vulnerabilities of global payments. Routefusion argues that many companies building global programs still rely on fragmented rails, multiple vendors, and manual compliance workflows, whereas Routefusion provides a consolidated stack end-to-end—reducing time-to-market and operational risk.

Routefusion’s new Series A round not only injects capital to accelerate growth but also reinforces its positioning in the embedded global payments infrastructure space. With $26.5 million raised and nearly $41 million in total funding, the company is preparing to scale its network, deepen compliance and liquidity offerings, and expand product and market reach for its enterprise-scale clients.