FundedIQ
Financial Services

Outgo Inc: Funding, Investors & Team (Aug 2026)

Outgo is a venture-backed, all-in-one vertical banking solution for freight carriers. Outgo’s products help automate broker setups, invoicing, factoring, collections, accounting, and tax services without contracts or minimums – finally providing a solution to a decades-long problem for carriers, and allows them to take complete control of their finances. Founded by former executives at top transportation companies including Uber and Convoy, the company was launched in 2022 and is headquartered in Seattle. To learn more, visit https://www.outgo.co

www.outgo.co LinkedIn Seattle, United States 11-50 employees
Financial Services FinTech Freight Service Software B2B
Total raised
$53.4M
Rounds
2
Latest
Undisclosed round
Sep 2024

Outgo Inc has raised $53.4M across 2 funding rounds on record, the most recent an undisclosed round of $50.0M announced in Sep 2024.

That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Outgo Inc Company Profile and Key Stats

Total funding raised
$53.4M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Undisclosed round
$50.0M in Sep 2024
Employees
11-50
reported band
Headquarters
Seattle, United States

Latest funding round on record: Sep 2024.

Outgo Inc Funding Rounds

Date
Round
Amount
Undisclosed round
$50.0M
Seed
$3.4M

Outgo Inc raised $3.4M in a Seed announced in Mar 2022.

2.5 years later, an undisclosed round of $50.0M was announced in Sep 2024.

Outgo Inc Founders and Leadership Team

Name
Role
Contact
Ray Fortna
Founder

No contact details are on record for this team yet.

Outgo Inc Funding Compared to Other Financial Services Startups

Segment
Companies
Median round

Outgo Inc's latest round of $50.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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Outgo Inc Funding FAQs

What does Outgo Inc do?

Outgo is a venture-backed, all-in-one vertical banking solution for freight carriers. Outgo’s products help automate broker setups, invoicing, factoring, collections, accounting, and tax services without contracts or minimums – finally providing a solution to a decades-long problem for carriers, and allows them to take complete control of their finances. Founded by former executives at top transportation companies including Uber and Convoy, the company was launched in 2022 and is headquartered in Seattle. To learn more, visit https://www.outgo.co

How much funding has Outgo Inc raised?

Outgo Inc has raised $53.4M across 2 rounds on record. The most recent is an undisclosed round of $50.0M announced in Sep 2024.

When did Outgo Inc last raise funding?

Outgo Inc's most recent funding round on record is an undisclosed round of $50.0M, announced in Sep 2024.

Who founded Outgo Inc?

FundedIQ lists Ray Fortna (Founder) at Outgo Inc.

Where is Outgo Inc headquartered?

Outgo Inc is based in Seattle, Washington, United States.

How many employees does Outgo Inc have?

Outgo Inc is in the 11-50 employee band.

How does Outgo Inc's funding compare to other Financial Services startups?

Outgo Inc's latest round of $50.0M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.

About FundedIQ's Outgo Inc Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Outgo Inc is left off this page rather than filled in.

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