Berlin-based payment software provider Payrails has announced the successful completion of a US$32 million Series A funding round aimed at furthering its goal of enabling enterprises to manage and streamline their payment operations.
The investment will support product innovation, broaden the company’s roadmap, and strengthen its commercial presence across EMEA in response to growing enterprise needs.
The round was led by HV Capital’s Growth Fund, with continued backing from existing investors EQT Ventures, General Catalyst, and Andreessen Horowitz. This latest round brings Payrails’ total funding to over US$52.8 million.
Payrails was founded by former senior leaders from Delivery Hero with extensive experience in building global financial infrastructure.
The Series A round, among the largest for a European fintech this year, follows a period of significant growth.
In 2024, Payrails recorded over 1 million daily operations, expanded into 30 new markets across Europe and MENA, and secured enterprise clients across various sectors including e-commerce, mobility, financial services, and subscription platforms.
Notable clients include Puma, Vinted, Flix, InDrive, Just Eat Takeaway, and Careem.
Commenting on the announcement, Orkhan Abdullayev, Co-Founder and CEO of Payrails, said:
“Their continued support fuels our vision of empowering enterprises with an all-in-one platform to manage every aspect of payments, unlocking new levels of performance and innovation while driving down complexity and costs. With this funding, we’re doubling down on product development to expand our multi-product platform across the entire payment lifecycle.”
He added that Payrails’ operating system “is setting a new industry standard for how enterprises manage and optimise payments, with more control, visibility and flexibility than ever before.”
Featured image credit: Edited by Fintech News Switzerland, based on image by Frolopiaton Palm via Freepik
