Summary:
- Payabli, a payments infrastructure platform for software companies based in Miami, closed a $28M Series B funding round led by Fika Ventures and QED Investors.
- The company, founded by Joseph Elias Phillips and William Corbera, plans to use the funds to enhance product development, focusing on AI-driven features for personalized customer experiences.
- Payabli has experienced significant growth, with billions in live processing volume, a 7x increase in revenue, and partnerships with major enterprises in the payments industry.
Article:
Payabli Secures $28M in Series B Funding Round for Payment Infrastructure Platform
Miami, FL – Payabli, a leading payments infrastructure platform catering to software companies, recently announced the successful closure of a $28 million Series B funding round. This significant milestone was made possible through the support of key investors, including Fika Ventures and QED Investors, along with participation from existing backers TTV Capital and Bling Capital.
Co-founded by Joseph Elias Phillips and William Corbera, who also serve as Co-CEOs, Payabli aims to revolutionize the payment landscape by providing software companies with a developer-friendly API to integrate payments seamlessly into their business models. The company plans to utilize the latest funding to accelerate product development, particularly focusing on AI-driven features that enhance customer experiences and drive personalized interactions.
Over the past year, Payabli has witnessed remarkable growth, processing multiple billions in live volume and achieving a remarkable 7x year-over-year revenue increase. The platform boasts a roster of over 50,000 merchants and has successfully launched embedded payment solutions with major enterprises in various "need-to-pay" sectors. Additionally, Payabli has forged new partnerships with processors and sponsor banks to further expand its reach and capabilities.
As part of its expansion strategy, Payabli is exploring the integration of AI technology in its operations. The company recently introduced Amigo, an AI-powered support agent accessible through its technical documentation, web platform, and Slack. Moreover, advanced risk and fraud detection models are in development, leveraging proprietary customer data to deliver customized risk assessments tailored to individual businesses and industries.
In conclusion, Payabli’s latest funding round signifies a new chapter in its journey towards revolutionizing the payments industry. With a strong focus on innovation and customer-centric solutions, the company is poised to continue its trajectory of growth and success in the evolving landscape of digital payments.
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Date: 18/06/2025
