Payrailz, the financially forward digital payment provider offering the smartest way to pay, today announced that it completed its Series A funding of approximately €27.7 million.
The substantial investment will be used to drive product innovation, extend the product roadmap and underpin commercial growth in Europe, the Middle East and Africa (EMEA), where there is increasing demand from enterprise customers.
The round was led by HV Capital’s Growth Fund including major investment from existing investors EQT Ventures, General Catalyst and Andreessen Horowitz. The new funding takes Payrails’ overall raised capital to in excess of €45.8 million, highlighting investor confidence in the company’s vision and technology.
Pressemitteilung Payrails, the Netherlands based provider of a premier payments orchestration platform, founded in 2021 to reinvent the B2B payments experience for high-growth global companies, as well as the UK’s Yapily, physical purveyors of open banking based financial technology by NextGenPSD2 service in Europe and the UK, join forces to solidify their ambitions for European expansion.
Its modular payments architecture organizes the full payment stack throughout the entire transaction lifecycle, from payment orchestration, payout capabilities, and tokenization, to unified commerce, in-person and in-app payments, simply and seamlessly.
This single-minded approach is all about abstracting complexity, driving performance and offering rapid innovation to companies moving funds in a complicated landscape.
Payrails has experienced rapid growth and in 2024 processed more than 1 million transactions per day and rolled out across 30 new markets in Europe and MENA. The company has resonated with enterprise customers in various industries from mobility, marketplaces, platforms, travel, shopping, financial services to subscription services.
Serving as the essential growth enabler for large enterprises, in a global payments market that is forecasted to have transactions totaling over $1.7 trillion by 2025, Payrails helps to manage the movement of money in a way that best supports payment performance.
The new money will be used to continue building out Payrails’ multi-product platform, which already covers more than 100 integrations to PSPs and fraud prevention services.
By providing businesses with enhanced control, oversight, and adaptability of their payment infrastructures, Payrails is transforming how global payments are managed and maximized.
