Embedded payments platform Payabli has raised $28 million in a Series B funding round, just nine months after its Series A, bringing its total capital raised to $60 million. The round was led by Fika Ventures and QED Investors, with continued support from TTV Capital and Bling Capital.
Headquartered in California, Payabli offers a unified API that lets developers build flexible, vertical-specific payment experiences across industries like education, government, property management, and utilities. With over 50,000 merchants now using the platform, the company has seen a remarkable 7x year-over-year revenue growth.
Co-founder and Co-CEO Joseph Elias Phillips says the new capital will accelerate product development, especially around artificial intelligence. The company has already launched Amigo, its first AI-powered support agent integrated across its documentation, Slack, and web tools. Amigo supports functions from technical assistance to analytics and customer service.
Payabli is also collaborating with Nvidia to build advanced fraud and risk detection models tailored to specific industries. These models are trained using proprietary customer data, with the aim of offering precise, real-time risk scoring for software partners.
Phillips notes, “AI is revolutionizing financial services. With this funding, we’re going on the offensive—doubling down on innovation and speed to market.”