Berlin-based payment software company has raised $32 million in Series A funding to further its mission of helping enterprises take control of their payment operations.
- Founded in 2021, Payrails builds infrastructure software designed to help large companies manage payments across multiple providers, geographies, and systems.
- The platform supports a range of functions, including payment orchestration, tokenization, reconciliation, and analytics. The company recently added support for in-person payments.
- The product is aimed at enterprises dealing with fragmented payment systems, businesses that must coordinate local payment methods, comply with varying regulatory requirements, and maintain integrations with multiple payment service providers.
- Payrails provides a software layer that connects these moving parts, allowing businesses to control and adapt their payment workflows.
- The firm operates in 30 markets, primarily in Europe and the MENA region. Its clients include consumer-facing businesses such as Puma, Vinted, Flix, and Careem.
Details of the deal
- The funding round was led by HV Capital, a Munich-based venture capital firm managing €2.8 billion in assets. To date, HV Capital has invested in approximately 225 internet and technology companies, supporting startups with investments ranging from €500,000 to €60 million.
"With Payrails, they’ve built a category-defining: an enterprise-grade, modular payment operating system that abstracts complexity, enhances performance, and enables rapid innovation. I am thrilled to continue to support Orkhan and Emre with HV Growth from the sidelines," claims Alexander Joel-Carbonell, Partner at HV Capital.
- The round also saw support from EQT Ventures, General Catalyst, and Andreessen Horowitz.
- Payrails will use the $32 million Series A funding to accelerate product innovation across the payment lifecycle, expand its teams in Berlin, London, Paris, Dublin, Cairo, and Dubai, deepen partnerships like those with Mastercard, and scale operations with a growing integration ecosystem.
"We’re grateful for the trust our customers and investors have placed in us. With this funding, we’re doubling down on product development to expand our multi-product platform across the entire payment lifecycle," co-founder and CEO of Payrails, Orkhan Abdullayev, commented.
