Payabli, a Miami, Florida-based payments infrastructure for software companies, closed $20 million in Series A funding.
Investors
The round was led by QED Investors, with participation from existing investors TTV Capital, Fika Ventures, and Bling Capital.
Founded in 2007, QED Investors is a venture capital firm based in Alexandria, Va. The firm is focused on investing in disruptive financial services companies worldwide. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages its partners’ decades of entrepreneurial and operational experience, helping companies achieve breakthrough growth.
Payabli Use of Funds
The company will use the funding to drive further product innovation, reinforce security and scalability, fuel new customer acquisition, and empower existing software partners to integrate and activate total processing volume easier and faster.
About Payabli
Payabli is a next-generation payments infrastructure and monetization platform that helps software companies make payments a core part of their business model through a single developer-friendly API. Built by payment industry and SaaS veterans, Payabli powers software companies with innovative payment acceptance and issuance solutions, powerful payment operations tools, and the ability to unlock lucrative economics. Payabli makes Software companies Payments companies by giving them PayFac capabilities without the heavy lift, administrative burden, and exorbitant cost of becoming a payment facilitator. Payabli is helping over 60 vertical SaaS companies build, manage, and scale their Payments businesses.
Funding Details
Company: Centavo, Inc.
Raised: $20.0M
Round: Series A
Funding Month: June 2024
Lead Investors: QED Investors
Additional Investors: TTV Capital, Fika Ventures, Bling Capital
Company Website: https://www.payabli.com/
Software Category: Payments Infrastructure and Monetization
Source: https://www.businesswire.com/news/home/20240625872864/en/