Outpave, a startup specializing in spend management solutions for the construction and trade sectors, has successfully secured $1.2 million in seed funding. Led by Fritz-Pak Corporation, this investment is aimed at bolstering Outpave’s efforts to streamline financial operations for small to mid-sized businesses operating within these industries.
The company’s platform integrates advanced technology with user-friendly design elements, enabling seamless bank connections, efficient expense tracking, and streamlined invoice management. Fritz-Pak Corporation’s President, David Ojeda, acknowledges Outpave’s potential to overcome traditional barriers to technological adoption in construction by offering tailored financial tools that address industry-specific challenges.
The newly acquired funds will fuel Outpave’s expansion into broader markets, improve sales channels, and enhance product features to better cater to the evolving needs of trade and construction businesses. Outpave’s CEO and Founder, Zach Ahlstedt, highlighted the company’s commitment to simplifying and innovating financial management practices, empowering clients to thrive in competitive landscapes.
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By Proptechbuzz
By Ravi Kumar