EQT Ventures, a venture capital firm, led a €13.5m Seed extension round in Payrails, a provider of payment experiences and financial services globally for high-growth companies, with participation from HV Capital, General Catalyst, and Andreessen Horowitz. “We are extremely proud of what we have built and look forward to the journey ahead. As payment processing gets more complex once companies scale, the need to keep advancing the payment stack and leverage multiple processors to improve performance becomes the industry standard. Leading companies understand the strategic importance of optimising payments and are searching for flexible solutions that can adapt to their needs. With EQT Ventures, General Catalyst, Andreessen Horowitz and HV Capital, we have found strong partners with significant experience in FinTech and payment systems who believe in our long-term vision of enabling large-scale global platforms to build end-to-end payment solutions as we develop the next-generation payment operating system,” Orkhan Abdullayev, Payrails CEO and Co-founder.