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
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Payrailz, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$21.15 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Series B
Sep 10, 2020
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Investors
Truist
& 6 more
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Employee Count
59
as on Dec 31, 2021
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Acquired by
Jack Henry
(Aug 09, 2022)
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Products & Services of Payrailz
Payrailz offers a comprehensive portfolio of products and services, including Digital Banking Platform, Payrailz Payments Platform, and Operations Core Platforms.
Platform for online banking and account management services.
System for instant payments and transaction processing solutions.
Tools for branch operations and data analytics management.
People of Payrailz
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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.
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.
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Venture capital investments are provided to Texas-based tech founders.
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Investments are made by TTV Capital in early-stage fintech companies.
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Payment processing and electronic commerce services are offered worldwide.
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Investor details for Payrailz
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Investments & Acquisitions by Payrailz
Investment portfolio details for Payrailz
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Financial Statements - Payrailz
Detailed financials for Payrailz
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Payrailz Comparisons
Peer comparison for Payrailz
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Bill management and payment platform
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Account receivable management software is provided for enterprises.
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Provides customized financial technology for payment processing and compliance.
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Online bill pay service
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Billing and payment solutions are delivered for multichannel corporate finance.
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Detailed competitors of Payrailz
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Latest news on Payrailz
Complete news archive for Payrailz
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Frequently Asked Questions about Payrailz
Payrailz was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Payrailz is headquartered in Glastonbury, United States. It is registered at Glastonbury, Connecticut, United States.
Fran Duggan is the current CEO of Payrailz.
Payrailz is a funded company, having raised a total of $21.15M across 3 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Payrailz is 59.
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.
Payrailz's top competitors include Paytrust, Aliaswire and IPay Technologies.
Payrailz offers Digital Banking Platform, Payrailz Payments Platform, and Operations Core Platforms.
Payrailz has 7 investors. Key investors include Truist, Fiserv, Jack Henry, LiveOak, and Woodforest National Bank.