Payrails intends to continue addressing clients’ evolving requirements while maintaining compliance with industry regulations. The funding was led by HV Capital’s Growth Fund, joined by existing investors EQT Ventures, General Catalyst, and Andreessen Horowitz.
With this capital infusion, Payrails plans to enhance its modular architecture, integrating payment orchestration, payouts, tokenization, unified analytics, automated reconciliation, and recently introduced in-person payments. This setup aims to provide clients with comprehensive control over their payment operations across diverse geographies, channels, and sectors.
Additionally, the company will extend its all-in-one platform through new products along the payment lifecycle, from acceptance to payouts. Payrails is expected to offer a tailored payment operating system that can streamline complex payment processes for merchants, improve performance, and simplify integrations.
The fresh capital will also be allocated to refining the customer experience across various touchpoints, ensuring businesses receive robust solutions and services.