About Payrailz
Payrailz is a company based in Glastonbury (United States) founded in 2016 by Rich Pelikan was acquired by Jack Henry in August 2022.. Payrailz has raised $21.15 million across 3 funding rounds from investors including Truist, Fiserv and Jack Henry. The company has 59 employees as of December 31, 2021. Payrailz offers products and services including Digital Banking Platform, Payrailz Payments Platform, and Operations Core Platforms. Payrailz operates in a competitive market with competitors including Paytrust, Aliaswire, PaymentVision, IPay Technologies and TransCentra, among others.
- Headquarter Glastonbury, United States
- Employees 59 as on 31 Dec, 2021
- Founders Rich Pelikan
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Payrailz, Llc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$21.15 M (USD)
in 3 rounds
-
Latest Funding Round
$15 M (USD), Series B
Sep 10, 2020
-
Investors
Truist
& 6 more
-
Employee Count
59
as on Dec 31, 2021
-
Acquired by
Jack Henry
(Aug 09, 2022)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Payrailz
Payrailz offers a comprehensive portfolio of products and services, including Digital Banking Platform, Payrailz Payments Platform, and Operations Core Platforms. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for online banking and account management services.
System for instant payments and transaction processing solutions.
Tools for branch operations and data analytics management.
Unlock access to complete
Funding Insights of Payrailz
Payrailz has successfully raised a total of $21.15M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $15.0M
-
First Round
First Round
(13 Nov 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series B - Payrailz | Valuation |
investors |
|
| Nov, 2018 | Amount | Series A - Payrailz | Valuation |
investors |
|
| Nov, 2017 | Amount | Series A - Payrailz | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Payrailz
Payrailz has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Truist, Fiserv and Jack Henry. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments are provided to Texas-based tech founders.
|
Founded Year | Domain | Location | |
|
Investments are made by TTV Capital in early-stage fintech companies.
|
Founded Year | Domain | Location | |
|
Payment processing and electronic commerce services are offered worldwide.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Payrailz
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Payrailz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payrailz Comparisons
Competitors of Payrailz
Payrailz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Paytrust, Aliaswire, PaymentVision, IPay Technologies and TransCentra, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bill management and payment platform
|
|
| domain | founded_year | HQ Location |
Account receivable management software is provided for enterprises.
|
|
| domain | founded_year | HQ Location |
Provides customized financial technology for payment processing and compliance.
|
|
| domain | founded_year | HQ Location |
Online bill pay service
|
|
| domain | founded_year | HQ Location |
Billing and payment solutions are delivered for multichannel corporate finance.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Payrailz
Frequently Asked Questions about Payrailz
When was Payrailz founded?
Payrailz was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Payrailz located?
Payrailz is headquartered in Glastonbury, United States. It is registered at Glastonbury, Connecticut, United States.
Who is the current CEO of Payrailz?
Fran Duggan is the current CEO of Payrailz.
Is Payrailz a funded company?
Payrailz is a funded company, having raised a total of $21.15M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.4M, raised on Nov 13, 2017.
How many employees does Payrailz have?
As of Dec 31, 2021, the latest employee count at Payrailz is 59.
What does Payrailz do?
Payrailz was founded in 2016 in Glastonbury, United States, as a provider in the fintech sector. Bill payment and money transfer solutions are offered to banks and credit unions through AI, security features, cloud-based software, and chatbots. Users are enabled to access billing information and schedule payments for immediate, same-day, next-day, future, or recurring dates. Electronic sending, requesting, and splitting of money are also facilitated.
Who are the top competitors of Payrailz?
Payrailz's top competitors include Paytrust, Aliaswire and IPay Technologies.
What products or services does Payrailz offer?
Payrailz offers Digital Banking Platform, Payrailz Payments Platform, and Operations Core Platforms.
Who are Payrailz's investors?
Payrailz has 7 investors. Key investors include Truist, Fiserv, Jack Henry, LiveOak, and Woodforest National Bank.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.