Payrails raises $32m Series A to help global enterprises maximise payment performance

By Puja Sharma

Payrails, a global payment software company, has raised $32 million in Series A funding to enable enterprises to take control of their payment operations.

The fresh funding will accelerate product innovation, expand the product roadmap, and support commercial growth across EMEA to meet surging enterprise demand. The round was led by HV Capital’s Growth Fund, with strong participation from all existing investors EQT Ventures, General Catalyst, and Andreessen Horowitz, bringing total funding raised to over $52.8 million.

With the continued backing of leading technology investors, Payrails is strengthening its position as a category-defining payment platform for large enterprises.

The funding, one of the largest Series A rounds for a FinTech company in Europe this year,  follows a period of exceptional growth. In 2024 alone, Payrails processed more than 1 million  transactions in daily operations, expanded into 30 new markets across Europe and the MENA region, and attracted enterprise customers across various industries, including mobility, marketplaces and platforms, travel, e-commerce, financial services, and subscription services. Payrails is trusted 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.

Orkhan Abdullayev, Co-Founder and CEO of Payrails said: “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 optimise payments, with more control, visibility and flexibility than ever before.”

Acting as a deeply integrated meta layer, Payrails spans the entire payment lifecycle with a modular architecture that includes payment orchestration, payouts, tokenisation, unified analytics, automated reconciliation, and recently launched in-person payments, all powered by advanced data capabilities. With a growing catalogue of over 100 integrations, Payrails works seamlessly with payment service providers like Stripe, Adyen, fraud-prevention solutions like Forter, software solutions like SAP, Salesforce, Snowflake, and others. This gives enterprises full flexibility, visibility, and control of their payment operations and checkout experiences across geographies, channels, and verticals.