Berlin-based FinTech Payrails, founded in 2021, has processed over one million transactions daily in 2024. The company, which aids firms like Puma and Vinted in managing payments, recently secured $32 million from investors including HV Capital and a16z, totaling over $52 million in funding. Payrails plans further market expansion and product development, leveraging AI to optimize payment flows and enhance productivity. The team has grown to over 100 employees across multiple global locations.

At EQT Ventures we are delighted to double down on Payrails in their $32M Series A financing led by HV Capital's growth fund, along with Andreessen Horowitz General Catalyst. This is an absolutely obsessed team operating at a speed that's hard to keep up - in the time we've started working together, they've expanded into several modules (tokenization, payouts, analytics apart from pay ins) and are serving global behemoths like Vinted, Careem and PUMA Group. As payments continues to get commoditized, we are only excited for what's ahead as we have big plans for 2025! Congrats Orkhan Abdullayev Emre Talay - privilege to be on this journey with you! https://lnkd.in/eZqTrEJb | 11 comments on LinkedIn