Payrails, a Berlin-based startup working on an operating system for business payments, raised a $14.4M Seed round. This follows a $6.4M round in 2022. The company develops API for money routing and consolidated money movements, in addition to analytics. - "We've grown and now have large enterprises using the product so the fundraising is a decision to help us accelerate our product roadmap," said the startup's CEO and co-founder, Orkhan Abdullayev.
- The round was led by EQT Ventures, with participation from HV Capital, General Catalyst, and Andreessen Horowitz, which led the pre-seed round.
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