Payabli, a payments infrastructure platform,

raises $28 million in Series B funding, bringing its total capital to $60 million. This round is led by Fika Ventures and QED Investors, with continued support from TTV Capital and Bling Capital.

The funds will be used for scaling product development, especially focusing on AI integration and operational infrastructure. Payabli plans to enhance its go-to-market strategy, customer success operations, and develop AI-driven features for more personalized services and internal efficiencies across the platform.

Artificial intelligence is deployed in two main areas: streamlining internal operations and improving user experience through custom-built solutions for software platforms. As part of these efforts, Payabli recently introduced an AI-powered virtual assistant, Amigo, embedded into its web platform, documentation tools, and Slack integration. Amigo offers technical support, customer assistance, and analytics capabilities via a chat-based interface.

Additionally, the company is collaborating with NVIDIA to build proprietary AI models for risk and fraud detection. These models will be trained using client-specific data sets to deliver tailored assessments.

Embedded payments strategy and spend management launch

The Series B funding also supports the development of Payabli’s product suite, particularly around its 3P framework: Pay In, Pay Out, and Pay Ops. The company is introducing a new embedded spend management program designed to enable software platforms to issue branded physical and virtual expense cards.

This new feature includes API-level controls over spending limits, card issuance, and fraud protection, supporting both debit and credit models. Payabli officials note that the expanded Pay Out features, including its On-Demand Payables product and upcoming Spend Management tool, directly respond to requests from existing platform partners.

The aim is to help software providers internalize financial operations and reduce reliance on third-party tools while opening up new revenue streams through interchange.