Rutter, a fast growing startup that is building a universal commerce API or "Plaid for Commerce" announced that it has raised a $27M Series A financing round led by a16z. Kristina Shen from a16z will be joining the board. This round also includes participation from new and existing investors including Comma Capital, Basis Set Ventures, Haystack, Mischief Capital (CEO of Plaid), The Chainsmokers and founders and executives from Plaid, Modern Treasury, RedHat, Airwallex and more.

Rutter is a Universal Commerce API for reading and writing data across different ecommerce platforms, marketplaces, accounting systems and payment processors. Rutter was founded to make it easier for companies to access data to offer data driven loans, underwrite merchants and SMBs, launch in new marketplaces, streamline inventory syncing for brand management and more.