Routefusion, a financial infrastructure provider for cross-border payments, closed a $26.5million Series A funding round. The round was led by PeakSpan Capital, with participation from Silverton Partners, bringing the company’s total funding to $40.7million.
The new capital will be used to accelerate the expansion of Routefusion’s partner network, broaden its liquidity and compliance capabilities, and grow its product, engineering, and go-to-market teams. Investments will focus on deepening platform coverage across accounts, FX, and payments.
Building a unified network for cross-border payments
Founded in 2018, Routefusion is building a global network designed to make cross-border payments as reliable and accessible as domestic ones. The platform consolidates fragmented payment rails, currency conversion capabilities, and compliance requirements into a single API. This allows platforms and financial institutions to embed a complex cross-border payments stack directly into their own offerings.
The company stated that its model differs from other providers by operating the infrastructure end-to-end, including onboarding, compliance, and go-live support, which enables platforms to launch services faster.
“Cross-border commerce depends on networks that are secure, resilient, and universally accessible,” said Colton Seal, co-founder and chief executive officer of Routefusion. “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.”
Infrastructure for a new phase of global commerce
Routefusion’s platform is designed to provide redundancy across multiple banks, non-bank providers, and payment rails, including SWIFT, real-time payments (RTP), and stablecoin networks. By managing all integrations in-house, the company aims to provide not just access to partners, but full operational readiness, from partner validation to post-launch support.
The model is intended to remove the need for platforms to build and manage fragmented infrastructure themselves, allowing them to focus on their core product and growth.
“Routefusion’s network represents the kind of infrastructure that underpins the future of global payments,” said Justin Kelly, vice president at PeakSpan Capital, who will join Routefusion’s board. “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. We believe this is the type of infrastructure that will power the next generation of global platforms.”
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