From Yahoo Finance: 2025-06-13 06:58:00

Payment software company Payrails has raised $32m in Series A funding to drive product innovation and expand in EMEA. The round was led by HV Capital’s Growth Fund and supported by existing investors, totaling over $52.8m in funding. Payrails processed 1 million daily transactions in 2024 and entered 30 new markets.

Payrails offers a comprehensive payment platform with features like orchestration, payouts, tokenization, analytics, reconciliation, and in-person payments. The company has over 100 integrations with payment service providers and software solutions, including Stripe, Adyen, and SAP. Co-founder Orkhan Abdullayev emphasized empowering enterprises with a versatile payment system.

Teaming up with Mastercard earlier in the year, Payrails is now expanding its team in various cities to support growth. The company has appointed new executives to key positions, including a chief revenue officer, chief technology officer, and VP of finance. Payrails aims to enhance payment capabilities for large-scale enterprises and set new industry standards with its payment operating system.

Read more: Payment software firm Payrails raises $32m in funding