Berlin-based payment software company Payrails has raised $32 million in a Series A funding round led by HV Capital’s Growth Fund. The round also saw continued participation from existing backers including EQT Ventures, General Catalyst, and Andreessen Horowitz, bringing the company’s total funding to more than $52.8 million. The raise marks a significant milestone for Payrails, which is positioning itself as a game-changer in the enterprise payments landscape.
Founded by ex-executives from Stripe, Miro, and Delivery Hero, Payrails has built a modular, enterprise-grade payment operating system designed to offer end-to-end control over the full payments lifecycle. The platform includes payment orchestration, in-person and online payments, tokenization, unified analytics, automated reconciliation, and flexible payout solutions—all bundled into a customizable stack that can scale across geographies, industries, and business models. The system enables large enterprises to streamline payment operations while improving visibility, flexibility, and customer experience.
The year 2024 has been pivotal for Payrails. The company has expanded into 30 new markets across Europe and the MENA region, now processing over one million payment-related operations every day. Its client portfolio spans industries such as mobility, marketplaces, travel, e-commerce, financial services, and subscription platforms. Notable brands using Payrails include Puma, Vinted, Flix, Just Eat Takeaway, InDrive, and Careem, all of whom rely on the platform to manage complex global payment workflows.
CEO and co-founder Orkhan Abdullayev says the new capital will be used to aggressively scale product development and commercial operations. “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—with more control, visibility and flexibility than ever before.”
Payrails has also entered a strategic partnership with Mastercard to accelerate product innovation and market reach. The fresh funding will support the rollout of new features while enabling the company to grow its teams across key global hubs including Berlin, London, Paris, Dublin, Cairo, and Dubai.