Berlin Fintech Payrails Lands $32M Funding Round
The Payrails founders: Orkhan Abdullayev (CEO) Emre Talay (COO) - © Payrails
Berlin-based payment software company Payrails has secured $32 million in Series A funding to accelerate its mission of helping global enterprises optimize their payment operations. The funding round, led by HV Capital's Growth Fund with participation from existing investors EQT Ventures, General Catalyst, and Andreessen Horenz, brings the company's total funding to over $52.8 million.
According to the company's press release, this represents one of the largest Series A rounds for a European fintech company this year. The fresh capital will fuel product innovation, expand the company's roadmap, and support commercial growth across EMEA to meet growing enterprise demand.
Founded by former fintech leaders from Delivery Hero, Payrails has experienced exceptional growth throughout 2024. The company processed over 1 million daily operations, expanded into 30 new markets across Europe and MENA, and attracted enterprise customers spanning mobility, marketplaces, travel, e-commerce, and financial services sectors.
The platform serves as a payment operating system for large enterprises, offering a modular architecture that includes payment orchestration, payouts, tokenization, unified analytics, and automated reconciliation. With over 100 integrations, Payrails works seamlessly with payment service providers like Stripe and Adyen, giving enterprises full control over their payment operations across different geographies and channels.
Global brands including Puma, Vinted, Flix, InDrive, Just Eat Takeaway, and Careem rely on Payrails to boost performance, reduce operational complexity, and enable faster payment innovation.
"With this funding, we're doubling down on product development to expand our multi-product platform across the entire payment lifecycle," said Orkhan Abdullayev, Co-Founder and CEO of Payrails, as stated in the press release.
The company plans to use the funding to expand its Berlin-based operations and grow commercial and product teams across London, Paris, Dublin, Cairo, and Dubai.
