Payabli, a trailblazer in the realm of payments infrastructure tailored for software companies, has successfully closed a Series A funding round totaling $20 million. Led by QED Investors and supported by existing investors TTV Capital, Fika Ventures, and Bling Capital, this investment underscores Payabli’s rapid ascent in the fintech sector amidst a staggering 340% revenue growth over the past year.
The infusion of capital aims to bolster Payabli’s capacity to innovate its product offerings, fortify security measures, accelerate customer acquisition, and empower software partners with seamless integration solutions. At its core, Payabli’s API-first Payments Infrastructure and Monetization Platform revolutionize how software companies embed payment functionalities into their operations. This platform enables developers to effortlessly deploy tailored payment experiences, manage payment operations, and enhance overall efficiency, thereby driving substantial value across vertical SaaS markets.
William Corbera, Co-Founder, Co-CEO, and Product Architect at Payabli, articulated the company’s vision of unifying payment processing through a unified API: “Our commitment to simplifying payment integration for software platforms has been integral to our growth trajectory. The Series A funding will further our mission to empower software companies in monetizing their payment systems effectively.”
Joseph Elias Phillips, Co-Founder and Co-CEO of Payabli, highlighted the significance of the Series A round in advancing their innovative product suite: “This funding round is pivotal as we expand our Pay Out and Pay Ops capabilities, ensuring our solutions continue to meet the evolving needs of our partners. Our goal is to facilitate greater control and efficiency in payment operations, empowering software companies to scale their offerings while optimizing customer experience.”
Laura Bock, Partner at QED Investors, emphasized the strategic importance of supporting Payabli’s growth: “We recognize Payabli’s pivotal role in modernizing payments infrastructure for software companies. With their robust technology and visionary leadership, Payabli is poised to lead the transformation of payment processing in the SaaS sector.”
With the digital economy driving a surge in demand for integrated payment solutions, Payabli stands at the forefront, equipped to enable software companies to leverage payments as a strategic asset for growth and customer engagement. As Payabli continues to innovate, its impact on reshaping payment ecosystems across industries is set to grow exponentially. www.payabli.com.
Editorial Opinion:
Payabli’s successful $20 million Series A funding round marks a significant milestone in the evolution of fintech solutions tailored for software companies. Led by QED Investors with participation from established backers TTV Capital, Fika Ventures, and Bling Capital, this investment underscores a growing recognition of Payabli’s pivotal role in modernizing payments infrastructure. Co-Founders and Co-CEOs William Corbera and Joseph Elias Phillips have strategically positioned Payabli to address the escalating demand for robust, developer-friendly APIs that simplify payment processes across diverse verticals.
In an era where software platforms increasingly integrate financial services to enhance user engagement and revenue streams, Payabli’s focus on seamless payment acceptance and issuance solutions fills a critical gap. Their commitment to enhancing payment operations with tools like the Creator no-code embedded component builder reflects a deep understanding of market needs. This Series A round not only bolsters Payabli’s capability to scale operations and drive innovation but also reaffirms its leadership in empowering software companies to navigate complex payment ecosystems efficiently.
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