Payabli, the payments infrastructure solution for software companies, has closed a $20M Series A. The round was led by QED Investors with participation from existing investors TTV Capital, Fika Ventures and Bling Capital based on the company’s greater than 3X revenue growth.
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The new round of funding will be used to drive further product innovation, reinforce security and scalability, fuel new customer acquisition, and empower existing software partners to integrate and activate total processing volume easier and faster.
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Payabli’s API-first Payments Infrastructure and Monetization Platform allows software companies to make payments a core part of their business model. Payabli focuses on providing a single unified API to allow software developers to create any payment experience they need for payment acceptance and payment issuance, as well as robust payment operations tools to manage the tactical operations of a payments company.
“We’ve been resolute in our product vision of unifying Pay In, Pay Out and Pay Ops via a single unified API since founding the company. The strong traction and growth we’ve experienced over the last year is a testament to the fact that software companies have become the modern distribution for payment processing and rely on modern solutions like Payabli to run their payments business,” said William Corbera, Payabli’s Co-Founder, Co-CEO and Product Architect.
“Our Seed round helped us establish credibility to go up-market and win larger partnerships, as well as develop innovative products like Creator, our no-code embedded component builder. Our Series A will be invested to further fuel innovation, particularly in our Pay Out and Pay Ops product categories, and better support our software partners to not only easily integrate our technology, but accelerate the activation of their total processing volume,” added Joseph Elias Phillips, Co-Founder and Co-CEO of Payabli.
Today, trillions of dollars in payment processing are shifting from legacy systems and traditional channels to vertical SaaS platforms, which act as industry-specific systems of record. This integration offers SaaS companies a chance to boost revenue and enhance customer experiences by embedding financial services directly into their software. To scale this payments monetization strategy, SaaS providers need modern infrastructure partners like Payabli. Payabli delivers the technology and expertise to seamlessly integrate payment solutions, helping SaaS companies expand their offerings, drive growth, and strengthen customer relationships.
Payabli grew rapidly with over 340% growth in revenue in the previous 12 months leading up to the Series A round. Payabli works with over 60 software companies including Roofr.com, BuildOps, PayHOA, BuilderPrime, CurbWaste, FitDEGREE, Cubby and Edstruments. This latest round of funding will allow Payabli to hire more engineering leadership and talent to further propel innovation and scalability while hiring additional customer-focused team members to acquire further partners.
About Payabli
Payabli is a next-generation Payments Infrastructure and Monetization Platform that helps software companies make Payments a core part of their business model through a single developer-friendly API. Built by payment industry and SaaS veterans, Payabli powers software companies with innovative payment acceptance and issuance solutions, powerful payment operations tools, and the ability to unlock lucrative economics. Payabli makes Software companies Payments companies by giving them PayFac capabilities without the heavy lift, administrative burden, and exorbitant cost of becoming a payment facilitator. Payabli is helping over 60 vertical SaaS companies build, manage, and scale their Payments businesses.
