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Anchorage acquires enterprise payouts startup Routable

Original: Exclusive: Anchorage buys enterprise payouts startup Routable

Digital asset bank Anchorage has acquired Routable, a startup that helps enterprises automate outbound payments and payouts. The deal, reported exclusively by Axios, gives Anchorage payment infrastructure capabilities as it expands beyond custody services for institutional clients. Financial terms of the acquisition were not disclosed.

Why now: A newly announced acquisition of a fintech startup by a major crypto bank is drawing attention in startup and finance circles.

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