Success! You're on the list.

Success! You're on the list.
London Tech Week

German fintech founded by ex-Delivery Hero execs bags $14.4M to catapult payment operating system of the future

Payrails founders
Picture credits: Payrails

Payment continues to be a fragmented area for platforms, marketplaces, and any large, fast-growing companies that conduct business across markets or with multiple parties in payment flows. 

German FinOps gets $14.4M investment 

Now, the Berlin-based financial operating software (FinOps) has raised $14.4 million in a seed extension round led by new investor EQT Ventures, which recently closed its third fund at €1.1 billion. General Catalyst also joined the round, along with existing investors Andreessen Horowitz (a16z) and HV Capital. Last year, A16z led the German fintech’s funding round and made its first fintech investment in the DACH region.

With the new capital, the total investment secured by Payrails accounts for $20.8 million.  Payrails will funnel its fresh capital to accelerate its product roadmap to solve its customers’ complex payment challenges and increase go-to-market capacity, catering to its strong customer pipeline. It will also be used to scale its next-generation financial operations (FinOps) platform. 

Orkhan Abdullayev, CEO and Co-Founder of Payrails, commented: “Leading companies understand the strategic importance of optimising payments and are searching for flexible solutions that can adapt to their needs. With EQT Ventures, General Catalyst, Andreessen Horowitz and HV Capital, we have found strong partners with significant experience in FinTech and payment systems who believe in our long-term vision of enabling large-scale global platforms to build end-to-end payment solutions as we develop the next-generation payment operating system.” 

Kaushik Subramanian, Partner at EQT Ventures, said: “We are passionate about payments and teams that are building generation-defining solutions. Payrails addresses one of the major challenges in payments, and we look forward to being part of Payrails’ journey.”

Zeynep Yavuz, Partner at General Catalyst, added: “With Payrails, companies will gain access to a full-stack platform that we believe addresses the entire payment value chain. The experience of the Payrails team, their early success with enterprise customers, and their partnership approach stood out to us, and we look forward to helping Payrails build a category-defining payments company for the enterprise sector and beyond.”

Offers flexible payment infrastructure

Founded by Orkhan Abdullayev, Emre Talay, and Nicolas Thouzeau in 2021, Payrails offers the next-generation operating system to enable enterprises to build, operate, and scale payment solutions without the need for costly and complex in-house infrastructure. They come with experience in payment and marketplace and previously built and scaled the fintech arm of Delivery Hero, touted as one of the world’s largest delivery platforms, across 30+ countries.

Further, the company offers a flexible payment infrastructure for high-growth businesses to accept payments globally and automate financial operations in a unified platform.

Related Posts

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email
join our newsletter. thank you