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.

Who is the current CEO of Outgo?

Marcus Womack of Outgo. They have also founded 1 company.

How many employees does Outgo have?

As of Jun 30, 2026, the latest employee count at Outgo is 34.

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 round, raised on Mar 26, 2022.

When was the latest funding round of Outgo?

Outgo's latest funding was a $***** Series B round on 2023, with participation from 8 investors. Its primary sector is Logistics Tech. In United States, the Logistics Tech sector has seen $1.66B in funding in 2026 to date.

Where does Outgo rank among its competitors?

Outgo ranks 42nd amongst 1901 active competitors, of which 155 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Zenskar, which secured $15M in Apr, 2026.

Who are the top competitors of Outgo?

Outgo's top competitors include Nomba, Billtrust and Vector. Among them, Zenskar secured the most recent funding round in April, 2026.

Outgo - 2026 Company Profile, Team, Funding & Competitors

Outgo is an acquired company based in Seattle (United States), founded in 2016 by Ray Fortna, Marcus Womack and Mike Bohlander. It operates as an Accounting and invoice management software. Outgo has raised $18.4M in funding from investors like Gradient Ventures, Neo and Pioneer Square Labs. The company has 1901 active competitors, including 155 funded and 107 that have exited. Its top competitors include companies like Nomba, Billtrust and Vector.

Company Details

Accounting and invoice management software. It offers solutions for accounts receivable lifecycle, including invoicing, factoring, and banking. It offers solutions for invoice management, invoice factoring for financial needs, and banking solutions for payments management.

Website: outgo.com
Social
Email ID: *****@outgo.com
Phone Number: +1 **********

Key Metrics

Founded Year

2016

Location

Seattle, United States

Stage

Acquired

Total Funding

$18.4M in 3 rounds

Latest Funding Round

Series B, 2023, $*****

Investors

Gradient Ventures & 11 more

Ranked

42^nd among 1901 active competitors

Employee Count

34 as on Jun 30, 2026

Similar Companies

Billtrust & 2053 more

Exit Details

Acquired by DAT Solutions (May 15, 2025)

View Outgo's full profile

Outgo is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OUTGO INC. CIN: 6646227 , United States, Active	Nov 17, 2022	-	-	-

Outgo got acquired by DAT Solutions on May 15, 2025.

Click here to take a look at Outgo's acquisition in detail

Outgo has raised a total funding of $18.4M over 3 rounds. Its first funding round was on Mar 26, 2022. Its latest funding round was a Series B round on 2023 for $*****. 8 investors participated in its latest round. Outgo has 9 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Outgo:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2023	8949	Series B	5379	4096	7090	7863
2023	6937	Conventional Debt	6566	9027	4393	Upper90
Mar 26, 2022	1551954	Series A	2584977	2916112	Neo & 1 more	Bezos Expeditions & 3 more

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View details of Outgo's funding rounds and investors

The founders of Outgo are Ray Fortna, Marcus Womack and Mike Bohlander. Marcus Womack is the CEO of Outgo.

Here are the details of Outgo's key team members:

Ray Fortna: Co-Founder & CPO of Outgo and founder of 2 other companies, OutGo and Familiar.
Marcus Womack: Co-Founder & CEO of Outgo.
Mike Bohlander: Co-Founder & CTO of Outgo.

View details of Outgo's Founder profiles and Board Members

Outgo's employee count trend

Outgo has 34 employees as of Jun 26. Here is Outgo's employee count trend over the years:

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Top competitors of Outgo include Nomba, Billtrust and Vector. Here is the list of Top 10 competitors of Outgo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nomba 2016, Lagos (Nigeria), Series B	App-based payment acceptance solutions for SMBs	$42.7M	Y Combinator, Partech Partners & 12 others	75/100
2nd	Billtrust 2001, Hamilton Township (United States), Acquired	Invoice and payment management solutions for small businesses	$105M	Riverwood Capital, Goldman Sachs & 7 others	69/100
3rd	Vector 2014, San Francisco (United States), Series A	Document and transport management solutions for the logistics industry	$12M	Goldcrest, Canadian Imperial Bank of Commerce ... & 7 others	65/100
4th	DadeSystems 2011, Miami (United States), Acquired	Account receivable payment automation solution.	$11M	Napier Park Global Capital, Wells Fargo & 3 others	64/100
5th	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Avista Healthcare Partners ... & 5 others	63/100
6th	Zenskar 2022, New York City (United States), Series A	Provider of AI-native order-to-cash platform for flexible billing and revenue	$21.5M	Bessemer Venture Partners, SIG Venture Capital ... & 7 others	63/100
7th	Klarity 2017, San Francisco (United States), Series B	Account receivables and billing management platform	$90M	Tola Capital, Invus & 9 others	56/100
8th	Cerillion Technologies 1999, London (United Kingdom), Public	Provider of composable BSS/OSS software solutions for telecom operators	$9M	Herald Investment Management, Origin Capital ... & 3 others	62/100
9th	Kriya 2011, London (United Kingdom), Acquired	B2B embedded finance platform offering PayLater, invoice finance, and working capital loans	$452M	Northzone, Black River Ventures & 14 others	62/100
10th	PortX 2016, Mercer Island (United States), Series C	Cloud-based transaction management platform for businesses	$26.6M	FUSE, Curql & 10 others	62/100
42nd	Outgo 2016, Seattle (United States), Acquired	Accounting and invoice management software	$18.4M	Upper90, Bezos Expeditions & 10 others	52/100