Payrailz provides cloud-based payment technology that automates tasks and creates predictive, “do it for me” payment experiences for financial institutions. Its platform emphasizes AI, dynamic workflow, open data exchange and a robust SDK to enable banks and credit unions to offer differentiated digital payment services. The company positions itself as bridging the gap between tech-enabled consumers’ expectations and traditional payment approaches through digital channels. Payrailz’s solutions aim to make payments more engaging and to simplify user workflows by automating common payment tasks. The company communicates a focus on ongoing product innovation and on helping financial institutions meet current and future payment expectations. Payrailz builds cloud-based digital payments technology that offers advanced bill payment and money transfer solutions to banks and credit unions. Its platform emphasizes “do it for me” automation, predictive and more engaging payment experiences using AI, dynamic workflow, open data exchange and a robust SDK. The company positions its products to bridge the gap between tech-enabled consumers’ expectations and legacy payment approaches. Payrailz highlights cloud infrastructure and open APIs as core to future product development. The announcement was issued from Glastonbury, Conn., where the company is based. The company says it is focused on product innovation to revitalize the payment experience for financial institutions and their customers.

Total raised

$6M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2017