Payabli Series A Funding Round: Key Points
- Funding Details:
- Payabli, a US-based payments infrastructure firm, has raised $20 million in a Series A funding round led by QED Investors.
- Existing investors TTV Capital, Fika Ventures, and Bling Capital also participated in the round.
- Purpose of Funds:
- The funds will be used for product innovation, platform scalability, and security enhancements.
- Additional focus will be on new customer acquisition and expanding product categories.
- Company Background:
- Founded in 2020 and headquartered in Miami, Payabli provides an API-first payments infrastructure and monetisation platform for software companies.
- The platform enables payment acceptance and issuance, offering a unified API for diverse payment experiences and robust payment operations tools.
- Growth and Future Plans:
- Payabli has reported a 340% growth in revenue over the past 12 months.
- The company aims to hire more engineering leadership and customer-focused team members to support partner acquisition and enhance product capabilities.
- Previous Funding:
- The raise builds on previous funding rounds, including a $4 million seed round in May 2022 and an $8 million extension in March 2023.
