Payrails, a payment software company, announced it has raised $32 million in Series A funding to further its mission of enabling enterprises to take control of their payment operations. The funding round was led by HV Capital’s Growth Fund, with strong participation from all existing investors, including EQT Ventures, General Catalyst, and Andreessen Horowitz, bringing the total funding raised to over $52.8 million.
This funding was one of the largest Series A rounds for a fintech company in Europe this year, following a period of exceptional growth. Last year alone, Payrails processed over $ 1 million in daily operations, expanded into 30 new markets across Europe and the MENA region, and attracted enterprise customers across various industries, such as mobility, marketplaces and platforms, travel, e-commerce, financial services, and subscription services.
Customers: Payrails is utilized by leading global brands including Puma, Vinted, Flix, InDrive, Just Eat Takeaway, and Careem to boost performance, reduce operational complexity and costs, and enable faster innovation across their payment operations.
Problem being addressed: Enterprise payment operations are becoming complex and fragmented. And enterprises must manage local payment methods, coordinate with multiple Payment Service Providers, synchronize with internal systems, and comply with evolving regulatory frameworks across various markets, while delivering a frictionless customer experience and maintaining cost efficiency.
Scaling payment operations and efficiently managing money movements has become a critical growth lever for large enterprises. But rigid legacy systems or in-house-built tools that require deep domain expertise, significant investment, and lengthy go-to-market timelines limit agility and hinder innovation.
Payrails addresses this with a payment operating system purpose-built for enterprises, enabling companies to orchestrate complex payment flows, optimize performance, and abstract the complexity of system integrations.
Working as a deeply integrated meta layer, Payrails spans the entire payment lifecycle with a modular architecture that includes payment orchestration, payouts, tokenization, unified analytics, automated reconciliation, and, recently, in-person payments, all powered by advanced data capabilities.
With a growing catalog of over 100 integrations, Payrails works seamlessly with payment service providers such as Stripe and Adyen, as well as fraud-prevention solutions like Forter, and software solutions like SAP, Salesforce, and Snowflake, among others. This gives enterprises full flexibility, visibility, and control of their payment operations and checkout experiences across geographies, channels, and verticals.
How the funding will be used: The new funding round will advance product innovation, product roadmap expansion, and support commercial growth across EMEA to meet surging enterprise demand.
Mastercard deal: Earlier this year, Payrails entered a strategic deal with Mastercard to accelerate digital transformation and unlock next-generation payment capabilities for large-scale enterprises. With the fresh capital, Payrails will expand its all-in-one platform with new products across the payment lifecycle, from acceptance to payouts.
Leadership hires: To support its continued growth, Payrails is actively growing its commercial and product teams across Berlin, London, Paris, Dublin, Cairo, and Dubai, and has expanded its leadership team with senior hires:
— Edward Moore, Chief Revenue Officer (formerly Global Head of Sales at Stripe)
— Willian Carminato, Chief Technology Officer (formerly VP Engineering at Miro)
— Patrick Bellinghausen, VP Finance (formerly Senior Director at Delivery Hero)
KEY QUOTES:
“We’re grateful for the trust our customers and investors have placed in us. 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. Our payment operating system is setting a new industry standard for how enterprises manage and optimize payments, with more control, visibility and flexibility than ever before.”
Orkhan Abdullayev, Co-Founder and CEO of Payrails
“Having worked closely with Orkhan and Emre for over eight years—starting from our shared time at Delivery Hero—I’ve consistently been impressed by their sharp strategic instincts and relentless execution. With Payrails, they’ve built a category-defining: an enterprise-grade, modular payment operating system that abstracts complexity, enhances performance, and enables rapid innovation. Their unwavering 24/7 customer focus and ability to deliver immediate impact is reflected in the caliber of their global enterprise clients and the speed at which they’re scaling, all shown in their great SaaS KPIs and traction. When we benchmarked the landscape, Payrails clearly led the pack of solutions, solving real pain points with a powerful enterprise product. I am thrilled to continue to support Orkhan and Emre with HV Growth from the sidelines!”
Alexander Joel-Carbonell, Partner at HV Capital
“Payrails is tackling one of the most complex challenges for global enterprises with its unified payment platform. The power lies in composability—by offering composable software blocks, from pay-ins to tokenization to reconciliation, Payrails gives companies the commercial flexibility and control that in-house or legacy systems can’t. The team is world-class, with deep fintech and software experience, and their rapid traction with global brands speaks volumes. That is why we are doubling down on the team. We are excited about what is ahead.”
Kaushik Subramanian, Partner at EQT Ventures
“As more companies go global from day one, the need for unified, scalable payments infrastructure has never been more urgent. Payrails is building the operating system for this world. We believe their modular approach, execution speed, and strong customer traction set them apart in a category overdue for transformation. We’re excited to continue to support Payrails as they become foundational infrastructure for the next generation of global enterprises.”
David Haber, General Partner at a16z
“As global commerce grows and payment flows become more complex, enterprises need a reliable platform built to operate across multiple processors. Our early conviction in Payrails was driven by an exceptional founding team with deep industry experience and a clear vision for simplifying payments while reducing costs. Today, some of the world’s fastest-growing global enterprises trust Payrails to power their mission-critical payments—and are consistently delighted by the product’s performance, flexibility, and reliability. We’re proud to support them as they reshape the future of payments operations.”
Zeynep Yavuz, Partner at General Catalyst
