Rutter, a fast growing startup that is building a universal commerce API or “Plaid for Commerce” announced that it has raised a $27M Series A financing round led by a16z. Kristina Shen from a16z will be joining the board. This round also includes participation from new and existing investors including Comma Capital, Basis Set Ventures, Haystack, Mischief Capital (CEO of Plaid), The Chainsmokers and founders and executives from Plaid, Modern Treasury, RedHat, Airwallex and more.
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Rutter started out by pioneering a universal ecommerce API in 2021 and this year announced the launch of their universal APIs for accounting systems and payment processors to help companies read and write data from notable commerce platforms like Shopify, Amazon, WooCommerce, BigCommerce, PrestaShop, Quickbooks, Xero, Stripe, Paypal and more.
With this new round of funding, Rutter is continuing on its mission to build the data infrastructure layer to power all of commerce and doubling down on powering fintech and ecommerce enablement companies building for merchants and SMBs.
Today Rutter already works with leading fintech companies like Ramp, Airwallex, Uncapped, Lenkie and more. Rutter also supports a variety of ecommerce enablement companies including CJ Dropshipping, Gelato, Shirtsy, Moonshot Brands and more. Currently, Rutter launches 5-6 new integrations every month with plans to support over 100+ integrations by the end of the year.
“We think the opportunity to be the infrastructure layer powering the commerce enablement system is massive and we’re excited to be doubling down on the fintech vertical this year and helping more fintechs access data to support more merchants and SMBs across commerce platforms. Working hand in hand with other fast moving companies pushes us to grow our product the fastest. Our goal is to be the glue that connects all of the commerce tools, platforms and products out there to all of the merchants and SMBs they would want to enable and support. ” – Peter Zhou, Co-founder & CEO of Rutter
About Rutter
Rutter is a Universal Commerce API for reading and writing data across different ecommerce platforms, marketplaces, accounting systems and payment processors.