About Outgo
Outgo is a company based in Seattle (United States) founded in 2016 by Mike Bohlander, Marcus Womack, and Ray Fortna was acquired by DAT Solutions in May 2025.. Outgo has raised $18.4 million across 3 funding rounds from investors including DAT Solutions, Neo and Gradient Ventures. The company has 9 employees as of December 31, 2024. Outgo offers products and services including Smart Factoring, Outgo Card, and Broker Verification. Outgo operates in a competitive market with competitors including Paymentus, Billtrust, SumUp, vCita and PayStand, among others.
- Headquarter Seattle, United States
- Employees 9 as on 31 Dec, 2024
- Founders Mike Bohlander, Marcus Womack, Ray Fortna
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Sectors
Transportation, Automotive & LogisticsTechnology Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Outgo Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.4 M (USD)
in 3 rounds
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Latest Funding Round
$50 M (USD), Debt – Conventional
Jun 01, 2023
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Investors
DAT Solutions
& 11 more
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Employee Count
9
as on Dec 31, 2024
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Acquired by
DAT Solutions
(May 15, 2025)
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Products & Services of Outgo
Outgo offers a comprehensive portfolio of products and services, including Smart Factoring, Outgo Card, and Broker Verification. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers low-rate advances on freight invoices for quick funding
Provides instant access to funds and reduced factoring rates
Enables fast broker checks for informed business decisions
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Funding Insights of Outgo
Outgo has successfully raised a total of $18.4M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $50.0M
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First Round
First Round
(26 Mar 2022)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Outgo | Valuation | Gradient Ventures , Construct Capital | |
| Jun, 2023 | Amount | Debt – Conventional - Outgo | Valuation |
investors |
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| Mar, 2022 | Amount | Series A - Outgo | Valuation | Neo , Pioneer Square Labs |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Outgo
Outgo has secured backing from 12 investors, including venture fund and angel investors. Prominent investors backing the company include DAT Solutions, Neo and Gradient Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital arm of Alphabet Inc. investing in AI
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Founded Year | Domain | Location | |
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Construct Capital is focused on investing in foundational industries.
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Founded Year | Domain | Location | |
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Technology startups are accelerated and incubated sector-agnostically by Neo.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Outgo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Outgo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Outgo Comparisons
Competitors of Outgo
Outgo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Paymentus, Billtrust, SumUp, vCita and PayStand, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Comprehensive billing and payment solution provider
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| domain | founded_year | HQ Location |
Invoice and payment management solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Provider of mPOS solution and card reader for offline retailers
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| domain | founded_year | HQ Location |
Business management software is provided for small businesses.
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| domain | founded_year | HQ Location |
Payment processing for bitcoin, e-checks, and credit cards is facilitated.
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| domain | founded_year | HQ Location |
Online payment and invoicing solutions are offered to small businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Outgo
Frequently Asked Questions about Outgo
When was Outgo founded?
Outgo was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Outgo located?
Outgo is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Outgo?
Marcus Womack is the current CEO of Outgo. They have also founded this company.
Is Outgo a funded company?
Outgo is a funded company, having raised a total of $18.4M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.4M, raised on Mar 26, 2022.
How many employees does Outgo have?
As of Dec 31, 2024, the latest employee count at Outgo is 9.
What does Outgo do?
Outgo was founded in 2016 in Seattle, United States, within the fintech sector. Software solutions are offered for the accounts receivable lifecycle, encompassing invoicing processes, invoice factoring for financial support, and banking integrations for payment handling. Operations focus on streamlining invoice management and related financial workflows for businesses.
Who are the top competitors of Outgo?
What products or services does Outgo offer?
Outgo offers Smart Factoring, Outgo Card, and Broker Verification.
Who are Outgo's investors?
Outgo has 12 investors. Key investors include DAT Solutions, Neo, Gradient Ventures, Construct Capital, and Pioneer Square Labs.
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