Payrails Receives $14.4 Million Investment

Berlin-based Payrails announced that it has received an investment of 14.4 million dollars. The founder of the startup is Emre Talay. Payrails has now received $14.4 million, an extension of the $6.4 million seed investment round it received in 2022. EQT Ventures led the investment round of the Berlin-based startup, which provides financial services to fast-growing companies. HV Capital, General Catalyst and Andreessen Horowitz participated in the investment round.

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Payrails Aims to Grow

The Berlin-based startup will make important efforts to grow with the investment it has received. The startup was founded by Nicolas Thouzeau, Emre Talay and Orkhan Abdullayev. The founding team of Payrails previously worked in the fintech services department of Delivery Hero. While working at Delivery Hero, the team saw up close the problems that companies that prioritize digital payments can face. Hence, Payrails focuses on solving companies' financial problems. It aims to simplify the payment environment for companies.

Orkhan Abdullayev talked about the services Payrails offers to companies. He emphasized that payment processing becomes more complex, especially as companies scale. Therefore, there was a need to use multiple processors to improve the payment stack and increase performance. Abdullayev explained that optimizing payments is of strategic importance for companies. In this direction, he said that companies are looking for flexible solutions to meet their needs. Payrails has been developed as a new generation payment operating system. Payrails serves as an startup that believes in long-term visions for large-scale global platforms to develop end-to-end payment solutions.

Abdullayev also stated that they are working with strong partners who offer significant experience in FinTech and payment systems. Thanks to the Berlin-based startup, solutions will be found to the payment problems faced by customers. A product roadmap will be created for this. At the same time, it is aimed to increase the capacity to open the market.