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
Locked
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Website
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Social
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- Legal Name Outgo Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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
People of Outgo
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital arm of Alphabet Inc. investing in AI
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Construct Capital is focused on investing in foundational industries.
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Technology startups are accelerated and incubated sector-agnostically by Neo.
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Investor details for Outgo
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Investments & Acquisitions by Outgo
Investment portfolio details for Outgo
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Financial Statements - Outgo
Detailed financials for Outgo
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Outgo Comparisons
Peer comparison for Outgo
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Comprehensive billing and payment solution provider
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Invoice and payment management solutions are offered for small businesses.
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Provider of mPOS solution and card reader for offline retailers
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Business management software is provided for small businesses.
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Payment processing for bitcoin, e-checks, and credit cards is facilitated.
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Online payment and invoicing solutions are offered to small businesses.
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Detailed competitors of Outgo
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Latest news on Outgo
Complete news archive for Outgo
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Frequently Asked Questions about Outgo
Outgo was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Outgo is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Marcus Womack is the current CEO of Outgo. They have also founded this company.
Outgo is a funded company, having raised a total of $18.4M across 3 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Outgo is 9.
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.
Outgo offers Smart Factoring, Outgo Card, and Broker Verification.
Outgo has 12 investors. Key investors include DAT Solutions, Neo, Gradient Ventures, Construct Capital, and Pioneer Square Labs.