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- Payabli Closes $20M Series A to Drive Innovation and Scale
Payabli Closes $20M Series A to Drive Innovation and Scale
Slice of Finance Team
28 Jun
Key Highlights:
$20M Series A round led by QED Investors
340% revenue growth in the past 12 months
Funds to enhance product innovation, security, and customer acquisition
Unified API for payment acceptance, issuance, and operations
Notable customers include Roofr.com, BuildOps, PayHOA, and more
Source (Direct)
Notable Quotes
“We’ve been resolute in our product vision of unifying Pay In, Pay Out and Pay Ops via a single unified API since founding the company. The strong traction and growth we’ve experienced over the last year is a testament to the fact that software companies have become the modern distribution for payment processing and rely on modern solutions like Payabli to run their payments business.”
“Our Series A will be invested to further fuel innovation, particularly in our Pay Out and Pay Ops product categories, and better support our software partners to not only easily integrate our technology, but accelerate the activation of their total processing volume.”
“There is a tectonic shift in payments volume onto software companies, and Payabli is building the next generation of payments infrastructure with this buyer front and center.”
Our Take:
Payabli's recent $20M Series A funding marks a significant milestone for the company, reinforcing its position as a leading payments infrastructure provider. The company's impressive 340% revenue growth over the past year highlights its robust product-market fit and the increasing demand for modern, integrated payment solutions. With this new funding, Payabli is well-positioned to continue its innovative trajectory, focusing on enhancing its Pay Out and Pay Ops offerings and expanding its customer base. The strategic backing from prominent investors like QED Investors, TTV Capital, Fika Ventures, and Bling Capital underscores the confidence in Payabli’s vision and potential for growth. As software platforms increasingly embed financial services, Payabli's comprehensive API solutions will play a crucial role in driving the next wave of digital transformation in the payments industry.