+24%

est. 2Y upside i

FinTechSeries B

Simplifying payouts at scale

Rank

#1502

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Low

Routable offers moderate upside potential (~24% expected return over 2 years) but with high risk from stale valuation, preference overhang, and competitive pressures.

Last updated: July 21, 2026

Bull (30%)+44%

Revenue projected to $34.2M by 2028; assuming 6x exit multiple (stable at entry) and 20% dilution, upside 44%. Potential IPO window could support multiple.

Base (45%)+30%

Revenue $34.2M; exit multiple converges to 5.5x (within comp range), net dilution 20% yields 30% upside.

Bear (25%)-11%

Revenue lower due to competition; multiple compresses to 4x, net dilution results in -11% upside; preference stack severe but exit above total funding avoids wipeout.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

230%

Total funding of $47.7M against estimated $125M valuation implies 38% preference overhang, meaning preferred stock would absorb a large portion of exit proceeds before common receives anything.

Dilution Risk

high

With no recent funding round since 2021 and $47.7M total raised, the company likely needs to raise within 24 months, causing 20% dilution.

Secondary Liquidity

none

No secondary market activity detected; employees likely have no liquidity until exit.

Other — 4 roles

  • Careers · Have empathy and a deep understanding for your peers, and our customers. This means no ego and actively listening to each other.
  • See open roles · Log in
  • See open roles → · Guided by our core values that encourage intellectual curiosity, openness, and problem-solving – we believe that building a diverse team is the only way to become the most intuitive payment platform of choice for global businesses.
  • +1 more →
View all 4 open roles at Routable →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Routable's data — designed to show you've done your homework.

  • 1

    “How does Routable plan to differentiate against Bill.com's established AP platform?”

  • 2

    “What is the current burn rate and how many months of runway do you have?”

  • 3

    “What is the vesting schedule and does the company offer any secondary liquidity for employees?”

Community

Valuation Sentiment

Our model estimates +24% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.