Andreessen Horowitz invests in Payrails

With an operating system for payments and financial services, the start-up has convinced the well-known VC.

Fintech Payrails has received $6.4 million in its seed round. The round is led by prominent US investor Andreessen Horowitz. This is apparently his first fintech investment in the DACH region. HV Capital, Emmanuel Thomassin (CFO at Delivery Hero) and Flixbus founders Jochen Engert as well as André Schwämmlein and Daniel Krauss are also participating in the start-up. Dominik Richter, co-founder of Hellofresh also invests.

Orkhan Abdullayev, Emre Talay and Nicolas Thouzeau founded Payrails 2021. Previously, the founding team built up the fintech division at Delivery Hero. With the new capital, the founders are now launching the cloud-based Payrails OS operating system on the European market. The system is designed to help companies manage payments and develop financial services. For example, online merchants can integrate new payment methods more quickly and analyze payment transactions. The offering is aimed at e- and quick-commerce customers and mobility providers. Currently, Payrails has 30 employees. With the new funding, the number of employees is expected to grow to 100 by the end of the year.