Payrails, a payment management infrastructure provider, has raised USD 14.4 million in seed funding led by EQT Ventures, with participation from General Catalyst, Andreessen Horowitz, and HV Capital. This round brings the total funds raised up to around USD 21 million.

The funds raised will be used in accelerating its product development and expanding its go-to-market capacity.

Based in Germany, Payrails offers payment management infrastructure primarily for large enterprise customers. Its payment orchestration solutions include smart payment routing, auto-retries on failed payments, and building customizable checkouts. Payrails also provides ledger services that enable end-customers to combine internal (such as loyalty points and credit) and external payment methods, and merchants to split payments and move money flexibly. The platform also lets merchants store sensitive payment data in Payrails’s token vault. 

Analyst QuickTake: The payment infrastructure segment has seen a recent influx of funds, with several players raising funds in the past month. This includes notable funding rounds for Fabrick (USD 43 million), Paydock (USD 31 million), and Episode Six (USD 48 million).