The startup has raised the fresh funds from EQT Ventures and General Catalyst.German fintech startup Payrails has raised $14.4 million in a funding extension from EQT Ventures and General Catalyst, the company said on Tuesday.
Orkhan Abdullayev, a former fintech VC at DeliveryHero, created the startup alongside Emre Talay and Nicolas Thouzeau, who also held senior positions at the German food-delivery giant. Payrails operates in the"FinOps" space, working with marketplaces and online merchants to simplify their payments. . The sector is built around digitizing payments infrastructure for businesses, with startups in the space offering APIs to help finance teams manage their payment workflows.
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