Route mergerthe Austin, Texas-based financial infrastructure provider raised $26.7 million in a Series A round led by PeakSpan Capitalthe company told Crunchbase News exclusively.
Silverton Partners also participated in the financing, bringing the total funds raised by the company since its founding in 2018 to $40.7 million. Other sponsors include: Initialized capital AND Market venturesamong others.
Colton’s sealco-founder and CEO, refused to disclose at what valuation this round was raised, only stating that it was an upward round. The company’s last fundraising took place in January 2022 – a seed round value $10.5 million.
Overall, global enterprise capital funding for fintech startups has already reached $36 billion across 2,810 deals in 2025 as of Oct. 8, based on Crunchbase data. This represents an increase of 28.93% in comparison with the $26.9 billion raised in 3,508 deals during the same period in 2024.
An accessible, unified network
Routefusion has created a single API that it says allows firms to embed accounts, payments, currency conversions and compliance into their products. Put simply, it goals to make it easier for platforms and financial institutions to open global accounts and make international or cross-border payments between banks. It works with over 30 clients in the United States, European Union, United Kingdom, Mexico and Brazil. These clients represent and span a number of industries, including payroll and employer relations, B2B payments and banking Payment labs, Increase, Jeeves AND Clara.
According to Seal, what sets Routefusion apart is that it was built as a unified network with multi-vendor and multi-bank redundancy.
“We are highly configurable and can adapt to the most complex use cases, both from a technical and regulatory compliance perspective,” he told Crunchbase News. Unlike traditional middleware, Routefusion manages integration, deployment and compliance itself, which Seal says allows firms to “act faster and scale globally without managing fragmented infrastructure.”
Competitors include Airwallex AND Wise. However, based on Seal, these firms focus more on consumers and small and medium-sized enterprises, while Routefusion targets global platforms and financial institutions as clients.
He said Routefusion has tripled its revenue in the last 12 months, although he declined to disclose hard revenue numbers. The company operates on a usage-based revenue model and charges subscription fees for access to the platform.
“We are managing capital efficiently and believe we have the ability to achieve profitability with this round of financing,” said Seal, who previously worked as a network engineer at the company Citi. The company also plans to make use of its recent capital to take a position in engineering, product and compliance teams while experimenting with GTM programs.
Currently, Routefusion employs roughly 25 employees.
Justin Kellyvp of PeakSpan Capital, said his company invested in Routefusion because it sees the startup as a “mission-critical infrastructure provider.”
“Most providers rely primarily on applications with built-in APIs or thin middleware that allows customers to connect banks, currencies and regulatory compliance themselves. Routefusion is primarily API-based on the surface, but is supported end-to-end underneath,” he told Crunchbase News by email. “In practice, this means that in addition to providing access to its network, the company also supports customers in running the ‘hard parts’ of a cross-border payments or global account program: integration, implementation, compliance workflow and post-launch maintenance.”