Payrails, a global payments software startup launched by former fintech executives from Delivery Hero, has raised $32 million in Series A funding. The round was led by HV Capital’s Growth Fund, with backing from EQT Ventures, General Catalyst, and Andreessen Horowitz—bringing the company’s total funding to $52.8 million.
What is Payrails?
Payrails offers modular payments infrastructure designed for large enterprises. The platform enables global businesses to simplify their payment systems, reduce operational overhead, and scale innovation with ease.
- ✅ Streamlines payment workflows
- ✅ Integrates with existing systems
- ✅ Supports global operations at scale
Payrails is trusted by well-known brands like Puma, Vinted, Flix, InDrive, Careem, and Just Eat Takeaway, providing flexible and tailored solutions for various sectors.
Funding Milestones
This new funding follows earlier rounds:
- ✅ $6.4M raised in March 2022
- ✅ $14.4M raised in June 2023
- ✅ $32M raised in June 2025
With this Series A, Payrails has completed one of Europe’s largest fintech raises in the category this year—a strong vote of confidence in its mission and technology.
Key Highlights from 2024
In just the first half of 2024, Payrails achieved significant growth:
- ✅ Processed over 1 million transactions daily
- ✅ Expanded into 30 new markets across Europe and MENA
- ✅ Onboarded major enterprise clients across mobility, travel, marketplaces, e-commerce, and more
This surge reflects a growing institutional demand for robust and customizable payments infrastructure in high-growth industries.
What’s Next?
The fresh capital will be used to:
- ✅ Speed up product development and innovation
- ✅ Grow Payrails’ presence in EMEA markets
- ✅ Deepen support for enterprise clients with customized payment stack solutions
According to the company, these funds will allow Payrails to enhance its ability to deliver end-to-end control over payment operations, helping businesses run faster, leaner, and smarter.
A Category-Defining Moment
With its strong backing and growing client base, Payrails is positioning itself as a category leader in modern payment infrastructure, helping enterprises manage global payments in a seamless and cost-efficient way.