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Berlin-based FinTech startup Payrails raises over €27 million for their global payment software
- German FinTech startup Payrails raises €27.7 million in Series A funding to accelerate product innovation and expansion across EMEA.
- The funding round was led by HV Capital’s Growth Fund with participation from EQT Ventures, General Catalyst, and Andreessen Horowitz, totaling over €45.8 million raised.
- Payrails aims to empower enterprises with a comprehensive platform for managing payments efficiently by expanding its multi-product platform and setting industry standards.
- The startup, founded in 2021 by former FinTech innovators, offers modular payment solutions covering payment orchestration, analytics, reconciliation, and in-person payments.
- Payrails has experienced significant growth, processing over 1 million daily operations, expanding into 30 new markets, and serving various industries such as mobility, e-commerce, and financial services.
- The company's payment system abstracts complexity, enhances performance, and facilitates rapid innovation for global clients like Puma, Vinted, and Just Eat Takeaway.
- The funding reflects the growing demand for flexible enterprise payment solutions in a market set to exceed $1.7 trillion by 2025.
- Payrails addresses the complexity of global payment operations with its composable platform that streamlines payment flows and provides control and flexibility.
- The company collaborates with leading payment service providers and software solutions to offer enterprises visibility and control across various channels and verticals.
- Payrails' strategic partnership with Mastercard and expansion of its leadership team highlight its commitment to digital transformation and commercial growth.
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