Andreessen Horowitz-backed fintech Payrails in talks to raise new round from investors including EQT Ventures, sources say
A16z-backed fintech Payrails is in talks to raise fresh funds in a pre-emptive round, sources say.A group of former Delivery Hero staffers founded the company in 2021.
. Payrails has built a ledger-based system for businesses with the aim of simplifying payment reconciliation and refunds. . Payrails could be valued at around $30 million pre-money as part of any prospective deal, one Berlin-based investor said.Payrails, General Catalyst, and EQT Ventures declined to comment.
Orkhan Abdullayev, a former fintech VC at DeliveryHero, created the startup alongside Emre Talay and Nicolas Thouzeau, who also held senior positions at the German food-delivery giant.
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