Payrails, the payments operating system for global platforms, today received a $14.4 million investment to scale its next-generation financial operations (FinOps) platform. This tour is a continuation of the seed tour organized last year. Andreessen Horowitz and HV Capital, along with General Catalyst, also participated in the round, led by EQT Ventures.
Payrails, the payments operating system for global platforms, today received a $14.4 million investment to scale its next-generation financial operations (FinOps) platform. This tour is a continuation of the seed tour organized last year. Andreessen Horowitz and HV Capital, along with General Catalyst, also participated in the round, led by EQT Ventures.
Payrails was founded in late 2021 by Orkhan Abdullayev, Emre Talay and Nicolas Thouzeau, members of a veteran team of payment and marketplace experts who previously formed and scaled up the fintech arm of Delivery Hero, the world’s largest delivery platform in 30 countries.
Payrails adds value to all players in the payment ecosystem and significantly improves their payment experience for the end user. With Payrails, businesses can leverage a single API to scale their payments and financials through intelligent payment routing, consolidated money transactions, and payment reconciliation via ledgers. Institutional customers can also monitor the performance of their payments through unified analytics, giving them greater control and visibility over a company’s financial operations and helping reduce payment fraud. Payment-Service Providers (PSP) also benefit significantly from the solution. Payrails offers PSPs an easier way to onboard new customers and allows for payment acceptance for marketplaces.
Emre Talay, COO and Co-Founder of Payrails, said:
“We are very proud of our achievements and look forward to the road ahead. As companies grow and face the complexity of payment processing, leveraging the power of multiple processors to continually improve payment systems and improve performance has become the industry norm. Leading organizations are aware of this challenge and are looking for flexible solutions that adapt seamlessly to their evolving needs.”
The venture will use the investment to accelerate its product roadmap to solve the complex payment problems of its customers and to increase its go-to-market capacity by serving its strong customer line.
Source: Egirisim / Prepared by Irem Yildiz