Berlin-based fintech Payrails has raised $32 million in Series A funding, marking a major milestone for the startup as it accelerates development of its enterprise-grade payment platform. The investment—among the largest of its kind in Europe’s fintech sector this year—was led by HV Capital’s Growth Fund, with continued backing from EQT Ventures, General Catalyst, and Andreessen Horowitz (a16z). This brings Payrails’ total funding to over $52 million since its founding.
Founded by alumni of Delivery Hero and other tech leaders, Payrails was created to tackle the fragmented and increasingly complex nature of enterprise payments. The team set out to build a flexible, modular operating system for managing payments—one that could scale with global business needs while simplifying integrations and reducing operational friction.
“We’ve seen firsthand how enterprise payment systems can slow down innovation and increase costs,” said Orkhan Abdullayev, Payrails co-founder and CEO. “Our platform is designed to empower companies with full control, visibility, and performance across every aspect of their payment operations.”
Payrails has experienced strong momentum over the past year, expanding into 30 new markets across Europe and the Middle East and North Africa (MENA). It now supports a growing list of global brands including Puma, Vinted, Flix, InDrive, Careem, and Just Eat Takeaway.
In 2024 alone, Payrails handled over 1 million transactions daily—a sign of how quickly large enterprises are adopting its platform. The company provides an integrated suite of tools for payment orchestration, tokenization, real-time analytics, reconciliation, payouts, and recently added in-person payments.
With this new capital, Payrails plans to further expand its team and technology stack. The company is investing heavily in product development and will grow its commercial operations across Berlin, London, Paris, Dublin, Cairo, and Dubai. Notable recent hires include Edward Moore (CRO), Willian Carminato (CTO), and Patrick Bellinghausen (VP of Finance).
HV Capital partner Alexander Joel-Carbonell, who previously worked with the founders at Delivery Hero, praised Payrails as a “category-defining platform” for enterprise payments: “They’ve built a system that tackles real pain points with elegance and precision. Their client traction and execution speed are nothing short of impressive.”
Other investors echoed the sentiment, citing Payrails’ modular, scalable approach as a major differentiator. EQT Ventures, a16z, and General Catalyst each expressed strong confidence in the team’s ability to reshape the enterprise payment space with flexible, composable infrastructure.
As global commerce continues to grow more complex, enterprises are being forced to juggle multiple payment methods, vendors, and compliance rules across regions. Traditional systems—often rigid or internally built—struggle to keep up. Payrails’ solution acts as a unifying meta-layer, enabling companies to optimize flows, abstract backend complexity, and adapt faster to customer and regulatory demands.
With the digital payments market projected to reach $1.7 trillion globally by 2025, Payrails is positioning itself not just as a tool—but as foundational infrastructure for modern enterprise growth.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.
