Rising Star Payrails On Track With €14M
After a seed round of €6M last year, fintech Payrails just harvested an additional €14M in an “extended seed round”, as Gruenderszene reports. Investor interest was presumably aroused by the experience of the Payrails founder team. Orkhan Abdullayev, Emre Talay, and Nicolas Thouzeau got to know each other while working on payment solutions at Berlin unicorn Delivery Hero. Now they have developed a Lego like modular system for growing businesses to handle the complexities of payments, providing solutions for offering payment options with points or credits, splitting incoming transactions to ledgers, and annoying technicalities like reconciliation. The new financial boost will allow Payrails to stay on track with their product roadmap.