About QRails
QRails is a company based in Denver (United States) founded in 2016 was acquired by XTM in June 2023.. QRails has raised $42.92 million across 8 funding rounds from investors including XTM, EFM Asset Management and Gary Hoffman. QRails offers products and services including Payment Processing, Earned Wage Access, Funds Disbursement, Paycards, and Program Management. QRails operates in a competitive market with competitors including Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, among others.
- Headquarter Denver, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Products & Services of QRails
QRails offers a comprehensive portfolio of products and services, including Payment Processing, Earned Wage Access, Funds Disbursement, Paycards, and Program Management. 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.
Handles cloud-based API for various payment needs securely.
Offers processing for early wage access and financial support.
Provides flexible APIs for disbursing funds via multiple methods.
Manages fully featured paycard programs for employers and employees.
Delivers support for effective payment program operations.
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Funding Insights of QRails
QRails has successfully raised a total of $42.92M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $4.97 million completed in October 2022. 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 8
- Last Round Series B — $5.0M
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First Round
First Round
(13 Oct 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2022 | Amount | Series B - QRails | Valuation |
investors |
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| Jul, 2022 | Amount | Series B - QRails | Valuation |
investors |
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| Feb, 2021 | Amount | Series B - QRails | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in QRails
QRails has secured backing from 5 investors, including institutional and angel investors. Prominent investors backing the company include XTM, EFM Asset Management and Gary Hoffman. 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 |
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Diversified asset management services are offered to investors.
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Founded Year | Domain | Location | |
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GH
Gary Hoffman |
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Founded Year | Domain | Location |
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JH
Jonathan Hughes |
Angel investor in Indian startups, focused on tech and innovation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by QRails
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - QRails
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qrails Comparisons
Competitors of QRails
QRails 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 Worldpay, Heartland Payment Systems, Euronet Worldwide, Adyen and Marqeta, 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 |
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| domain | founded_year | HQ Location |
Payment services and analytics solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing, POS and Gift Card services
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Payment issuance and processing solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Card-issuing and payment processing solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Merchant acquiring and card processing services are provided in Brazil.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Qrails
Frequently Asked Questions about QRails
When was QRails founded?
QRails was founded in 2016.
Where is QRails located?
QRails is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Is QRails a funded company?
QRails is a funded company, having raised a total of $42.92M across 8 funding rounds to date. The company's 1st funding round was a Series B of $10.18M, raised on Oct 13, 2016.
What does QRails do?
Card issuer processing solutions. Features of the solution include omnichannel support, loyalty schemes, fraud management, and instant issuance. The solution works with both Mastercard and Visa networks and on closed and open-loop systems supporting all types of cards including credit, debit, and prepaid. Also supports various card types such as EMV, NFC-enabled cards, and instant issuance cards. Additional solutions offered include white-label mobile wallets and banking applications.
Who are the top competitors of QRails?
QRails's top competitors include Worldpay, Adyen and Euronet Worldwide.
What products or services does QRails offer?
QRails offers Payment Processing, Earned Wage Access, Funds Disbursement, Paycards, and Program Management.
Who are QRails's investors?
QRails has 5 investors. Key investors include XTM, EFM Asset Management, Gary Hoffman, Jonathan Hughes, and Alan Morgan.
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