Payrails, a global payments software company, has announced the successful completion of a $32 million Series A investment round to support enterprises looking to take full control of their payments operations. The new funding will be used to accelerate product innovation, expand its product roadmap, and meet growing enterprise demand in the Europe, Middle East, and Africa (EMEA) region.
The investment round was led by HV Capital and includes participation from previous investors EQT Ventures, General Catalyst, and Andreessen Horowitz. This brings Payrails’ total funding to more than $52.8 million to date.
A strong team of fintech leaders
Payrails was founded by former fintech executives from Delivery Hero. The team has extensive experience building scalable financial infrastructures on an international scale. With the new investments, Payrails solidifies itself as a leading payments platform for large enterprises.
Rapid growth and growing demand
This funding, one of the largest Series A investment rounds in the fintech space in Europe this year, comes at a time of rapid growth for Payrails. The company processed over 1 million payments per day in 2024, entered 30 new markets in Europe and MENA, and attracted large enterprise customers from multiple sectors including mobility, e-commerce, travel, financial services, and subscription platforms.
Global brands such as Puma, Vinted, Flix, InDrive, Just Eat Takeaway, and Careem rely on the Payrails platform.
Payrails CEO Orkhan Abdullayev said:
“We are grateful for the trust our customers and investors have placed in us. Thanks to their support, we are enabling businesses to centrally manage their payments and innovate in this area. With the new funding, we will focus more on product development and expand our multifunctional platform that covers the entire payment lifecycle.”
Solving complex problems for enterprises
Payment systems management in large enterprises is becoming increasingly complex – supporting local payment methods in different markets, integrating multiple service providers, synchronizing with internal systems, and maintaining a high level of customer experience at the same time. Payrails solves these problems with its modular architecture payment operating system.
Payrails has over 100 integrations and works seamlessly with leading technology solutions such as Stripe, Adyen, Forter, SAP, Salesforce, Snowflake.
About Payrails
Founded in Berlin in 2021, Payrails is a global payments software company that helps large enterprises manage their payment operations and improve their performance. The platform has a modular structure that covers the entire payment cycle and creates flexibility, transparency, and control for large-scale customers.
