Outpave, a Frisco, Texas-based spend management startup, has raised $1.2 million in seed funding.
Investors
The round was led by Fritz-Pak Corporation, a trusted name in concrete additive solutions. Fritz-Pak manufactures and sells concrete admixtures that improve concrete quality and construction practices.
Outpave Use of Funds
The company will use the funding to drive its expansion efforts, including bolstering go-to-market strategies, strengthening sales channels, and enhancing product features.
About Outpave
Led by CEO and Founder Zach Ahlstedt, Outpave is a company that specializes in spend management platform focused on trade and construction sectors. Their platform offers a blend of advanced technology and user-friendly design, empowering businesses to make better financial decisions and drive growth. Its banking-as-a-service platform offers direct banking integration, customizable card issuance, and real-time analytics, providing transparency and control over financial operations. The company’s mission is to modernize financial operations for small to mid-sized trade and construction businesses.
Funding Details
Company: Outpave, Inc.
Raised: $1.2M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Fritz-Pak Corporation
Additional Investors:
Company Website: https://www.outpave.com/
Software Category: Spend Management
Source: https://www.outpave.com/news/outpave-secures-1-2m-in-seed-funding-to-revolutionize-trade-business-spend-management