Payrails
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 1.5m | 2.6m |
% growth | - | 73 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | €5.7m | Seed | |
* | €14.4m | Seed | |
Total Funding | €20.1m |
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Recent News about Payrails
EditPayRails is a financial technology startup that provides a flexible payment infrastructure for high-growth businesses. The company operates globally, offering a single platform that enables businesses to accept payments from anywhere in the world. PayRails' platform is designed to automate financial operations, making it easier for businesses to manage and track their money movement.
The company's services are particularly beneficial for businesses that need to process payments at scale. PayRails' platform is designed to increase revenue by providing a seamless checkout experience. It does this by processing each payment via the most efficient route, which can help to reduce costs and increase profitability.
In addition to payment processing, PayRails also offers ledger services. These allow businesses to let their customers pay with loyalty points, credits, and wallet balances, in addition to other payment methods. This feature provides end-to-end traceability, which can be crucial for businesses that need to keep a close eye on their finances.
PayRails also offers payout services, which enable businesses to send payouts globally across different currencies. This is particularly useful for businesses that operate in multiple countries and need to pay their partners in different currencies.
The company's business model is based on providing these services to businesses for a fee. By automating large-scale financial operations, PayRails helps businesses to gain better control and visibility over their finances, which can ultimately lead to increased profitability.
Keywords: Payment Processing, Financial Automation, Global Operations, Ledger Services, Payout Services, Seamless Checkout, Efficient Money Movement, End-to-End Traceability, Financial Control, Increased Profitability.