Instant Payments Startup Root Exits Stealth to Modernise US Money Movement
Root has emerged from stealth with a platform handling receivables, payables and money transmissions, aiming to speed up business payments in the US.
Brian Otieno
East Africa Editor · Nairobi
A new entrant in the business payments space, Root, has come out of stealth mode with an instant payments platform built to overhaul how companies move money in the United States, according to reporting by Finextra Research.
What Root Says It Does
Root positions itself as an instant payments platform spanning three core functions: receivables, payables and money transmissions. In practice, that means the company is targeting the full cycle of business cash flow — the money firms are owed, the money they need to pay out, and the transfers that sit between counterparties. Its stated mission, as Finextra reported, is to modernise money movement, with an initial focus on the US market.
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