Payrails Closed $6.4 Million Seed Round led by a16z

Payrails, a payment and financial services operating system, closed a $6.4 million seed round led by a16z, with participation from HV Capital and others. The funds raised will be used to expand its team and product development. Payrails aims to enable high-growth companies to craft their payment experiences and financial services globally. Their ledger-based operating system Payrails OS allows enterprises to build, operate, and scale payment acceptance and embed financial services without the need for a costly and complex in-house infrastructure.