Outpave Secures $1.2M in Seed Funding to Revolutionize Trade Business Spend Management
May 08 2024 - 10:17AM
Business Wire
Outpave, a pioneering spend management startup, today announced
the closure of a $1.2 million seed funding round. Led by Fritz-Pak
Corporation, a trusted name in concrete additive solutions. This
investment underpins Outpave’s mission to modernize financial
operations for small to mid-sized trade and construction
businesses.
Offering a blend of advanced technology and user-friendly
design, Outpave's platform streamlines bank connections, expense
tracking, and invoice management, driving better financial
decisions and growth. "In the construction industry, evolution is
often met with resistance," says David Ojeda, President of
Fritz-Pak. "Outpave breaks through these barriers with its
tailor-made financial tools that cater specifically to the nuanced
needs of these companies."
The seed funds will fuel Outpave’s expansion, boosting
go-to-market strategies, fortifying sales channels, and enhancing
product features to meet the dynamic demands of the trade sector.
Zach Ahlstedt, CEO and Founder, asserts, “Our roadmap is set to not
only simplify but also innovate financial management. With
Fritz-Pak's support, our horizon broadens, bringing our
cutting-edge platform to more businesses, enabling them to thrive
in competitive markets.”
For a firsthand look at Outpave’s impact and to explore its
services, visit: www.outpave.com.
About Outpave
Outpave is at the forefront of financial management innovation
for trade businesses. Its banking-as-a-service platform offers
direct banking integration, customizable card issuance, and
real-time analytics, providing transparency and control over
financial operations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240506569884/en/
Zachary Ahlstedt, CEO Co-Founder Zach@outpave.com