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Outpave Secures $1.2M in Seed Funding to Revolutionize Trade Business Spend Management

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FRISCO, Texas, May 8, 2024-- Outpave, a pioneering spend management startup, today announced the closure of a $1.2 million seed funding round. Led by Fritz-Pak Corporation, a trusted name in concrete additive solutions. This investment underpins Outpave’s mission to modernize financial operations for small to mid-sized trade and construction businesses.

Offering a blend of advanced technology and user-friendly design, Outpave's platform streamlines bank connections, expense tracking, and invoice management, driving better financial decisions and growth. "In the construction industry, evolution is often met with resistance," says David Ojeda, President of Fritz-Pak. "Outpave breaks through these barriers with its tailor-made financial tools that cater specifically to the nuanced needs of these companies."

The seed funds will fuel Outpave’s expansion, boosting go-to-market strategies, fortifying sales channels, and enhancing product features to meet the dynamic demands of the trade sector. Zach Ahlstedt, CEO and Founder, asserts, “Our roadmap is set to not only simplify but also innovate financial management. With Fritz-Pak's support, our horizon broadens, bringing our cutting-edge platform to more businesses, enabling them to thrive in competitive markets.”

For a firsthand look at Outpave’s impact and to explore its services, visit: www.outpave.com.

About Outpave

Outpave is at the forefront of financial management innovation for trade businesses. Its banking-as-a-service platform offers direct banking integration, customizable card issuance, and real-time analytics, providing transparency and control over financial operations.

Contact:
Zachary Ahlstedt, CEO Co-Founder
Zach@outpave.com

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