Berlin-based payment software company Payrails has successfully raised $32 million in Series A funding. The round was led by HV Capital’s Growth Fund, with strong participation from existing investors EQT Ventures, General Catalyst, and Andreessen Horowitz, bringing the total funding raised to over $52.8 million.
Founded by former executives from Stripe, Miro, and Delivery Hero, Payrails provides a payment operating system tailored for enterprises. Its modular architecture features payment orchestration, payouts, tokenization, unified analytics, automated reconciliation, and recently introduced in-person payment options. This technology allows businesses to gain full visibility and control over their payment operations and checkout experiences across various geographies, channels, and industries.
In 2024, Payrails processed over 1 million daily operations, expanded into 30 new markets across Europe and MENA, and attracted enterprise customers in sectors such as mobility, marketplaces, travel, e-commerce, financial services, and subscriptions. Notable brands supported include Puma, Vinted, Flix, InDrive, Just Eat Takeaway, and Careem.
Orkhan Abdullayev, co-founder and CEO of Payrails, stated, “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, offering more control, visibility, and flexibility than ever before.”
Following a partnership agreement with Mastercard earlier this year, Abdullayev mentioned that the new capital will be used to launch new products and to grow their commercial and product teams in Berlin, London, Paris, Dublin, Cairo, and Dubai.