Berlin-based FinTech Startup Payrails Secures Over €27 Million In Series A Round

The new capital will help the company accelerate product innovation, expand its roadmap, and support commercial growth across the EMEA region to meet rising demand from large enterprises.

The round was led by HV Capital’s Growth Fund, with continued backing from existing investors EQT Ventures, General Catalyst, and Andreessen Horowitz. This brings Payrails’ total funding to over €45.8 million.

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Orkhan Abdullayev, Co-founder and CEO of Payrails said: “We’re grateful for the trust our customers and investors have placed in us. Their continued support fuels our vision of empowering enterprises with an all-in-one platform to manage every aspect of payments, unlocking new levels of performance and innovation while driving down complexity and costs.

“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 optimise payments, with more control, visibility and flexibility than ever before,”.

This new funding round—one of the largest Series A rounds for a FinTech in Europe this year—comes after a strong growth phase. In 2024, Payrails handled over 1 million daily operations, expanded into 30 new markets across Europe and MENA, and onboarded enterprise clients across sectors like mobility, marketplaces, travel, e-commerce, finance, and subscriptions.

Leading global brands such as Puma, Vinted, Flix, InDrive, Just Eat Takeaway, and Careem rely on Payrails to improve performance, simplify operations, cut costs, and drive innovation in their payment systems.

Alexander Joel-Carbonell, partner at HV Capital said: “Having worked closely with Orkhan and Emre for over eight years – starting from our shared time at Delivery Hero -I’ve consistently been impressed by their sharp strategic instincts and relentless execution. With Payrails, they’ve built a category-defining: an enterprise-grade, modular payment operating system that abstracts complexity, enhances performance, and enables rapid innovation. Their unwavering 24/7 customer focus and ability to deliver immediate impact is reflected in the caliber of their global enterprise clients and the speed at which they’re scaling, all shown in their great SaaS KPIs and traction. When we benchmarked the landscape, Payrails clearly led the pack of solutions, solving real pain points with a powerful enterprise product. I am thrilled to continue to support Orkhan and Emre with HV Growth from the sidelines!”

Enterprise payment operations are becoming more complex and fragmented. Companies must juggle local payment methods, multiple Payment Service Providers, internal system integrations and evolving regulations across various markets—all while delivering smooth customer experiences and keeping costs under control.

With global payments expected to exceed $1.7 trillion in transactions by 2025 (according to Payrails), managing and scaling payment operations has become essential for enterprise growth.

However, Payrails notes that many companies still rely on rigid legacy systems or custom-built tools that require deep expertise, large investments, and long development cycles—limiting their ability to adapt and innovate quickly.

Payrails aims to solve this with a purpose-built payment operating system for enterprises. Its platform helps companies orchestrate complex payment flows, boost performance, and simplify system integrations to accelerate growth and improve efficiency.

Kaushik Subramanian, partner at EQT Ventures said: “Payrails is tackling one of the most complex challenges for global enterprises with its unified payment platform. The power lies in composability – by offering composable software blocks, from pay-ins to tokenisation to reconciliation, Payrails gives companies the commercial flexibility and control that in-house or legacy systems can’t. The team is world-class, with deep FinTech and software experience, and their rapid traction with global brands speaks volumes. That is why we are doubling down on the team. We are excited about what is ahead.”

Payrails acts as a deeply integrated meta layer that covers the full payment lifecycle through a modular system. Its platform includes features like payment orchestration, payouts, tokenisation, unified analytics, automated reconciliation, and recently added in-person payment capabilities—all backed by advanced data tools.

With over 100 integrations and growing, Payrails connects with payment providers like Stripe and Adyen, fraud prevention tools like Forter, and software platforms such as SAP, Salesforce, and Snowflake.

This setup gives enterprises greater flexibility, transparency, and control over their payment operations and checkout experiences across different regions, channels, and industries.

David Haber, General Partner at a16z said: “As more companies go global from day one, the need for unified, scalable payments infrastructure has never been more urgent. Payrails is building the operating system for this world. We believe their modular approach, execution speed, and strong customer traction set them apart in a category overdue for transformation. We’re excited to continue to support Payrails as they become foundational infrastructure for the next generation of global enterprises.”

Earlier this year, Payrails formed a strategic partnership with Mastercard to help drive digital transformation and bring next-generation payment solutions to large enterprises. To support its growth, the company is expanding its commercial and product teams in key cities including Berlin, London, Paris, Dublin, Cairo, and Dubai.

Payrails has also strengthened its leadership team with senior appointments: Edward Moore as Chief Revenue Officer (formerly Global Head of Sales at Stripe), Willian Carminato as Chief Technology Officer (formerly VP of Engineering at Miro), and Patrick Bellinghausen as VP of Finance (formerly Senior Director at Delivery Hero).

Zeynep Yavuz, partner at General Catalyst said: “As global commerce grows and payment flows become more complex, enterprises need a reliable platform built to operate across multiple processors. Our early conviction in Payrails was driven by an exceptional founding team with deep industry experience and a clear vision for simplifying payments while reducing costs. Today, some of the world’s fastest-growing global enterprises trust Payrails to power their mission-critical payments – and are consistently delighted by the product’s performance, flexibility, and reliability. We’re proud to support them as they reshape the future of payments operations.”

About Payrails

Founded in 2021 by former Delivery Hero FinTech experts, Payrails offers an all-in-one platform that covers the full payment lifecycle. Its modular system includes payment orchestration, payouts, tokenisation, unified analytics, automated reconciliation, and most recently, in-person payments.