Payrailz stays on track with $6.1m

Dec 8, 2017 • Callum Cyrus

The fintech startup has received cash from First Data as well as financial services firms Live Oak, Woodforest National and Webster.

US-based payment platform developer Payrailz has secured $6.1m from a consortium including payment processing firm First Data and financial services firms Live Oak Bank, Woodforest National Bank and Webster Bank.

Financial technology-focused investment firm TTV Capital also participated in the round. Live Oak invested through its venture capital unit, Live Oak Ventures.

Founded in 2016, Payrailz is building an artificial intelligence-equipped online payments platform for banks and credit unions to allow consumers to pay bills and transfer money. It has…

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