Payrails, a Berlin, Germany-based provider of a payment operating system for global platforms, raised $14.4M in Seed funding.
The round was led by EQT Ventures with participation from General Catalyst and existing investors Andreessen Horowitz and HV Capital.
The company intends to use the funds to accelerate its product roadmap and increase go-to-market capacity.
Founded in 2021 by Orkhan Abdullayev (CEO), Emre Talay, and Nicolas Thouzeau, Payrails is a flexible payment infrastructure for businesses to accept payments globally and automate financial operations in a unified platform.
The product is being utilized by large international companies operating across industries to improve the checkout experience through the use of local payment methods, and dynamically routing transactions to a wide range of processors across 200+ countries.
FinSMEs
07/06/2023