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a16z backs Rutter’s goal of being ‘Plaid for commerce’



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Seven months after publicly launching its company, Rutter is back with a new capital injection, this time $27 million in a Series A financing round led by Andreessen Horowitz.
We first met founders Eric Yu and Peter Zhou last year when the company raised $1.5 million. They started off building a universal e-commerce API for reading and writing data so that tech customers can integrate with commerce platforms and access financial data points to offer loans, launch in new marketplaces and streamline inventory syncing for brand management.
Today, Rutter has similar tools for accounting systems and payment processors, including Shopify, Amazon, WooCommerce, BigCommerce, PrestaShop, Quickbooks, Xero, Stripe and PayPal.
Toward its goal of being “Plaid for commerce,” Zhou said that Rutter’s core focus is to end all of the fragmentation that exists fo …

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