Miami, Florida-based Payabli, a fast-growing payments infrastructure platform designed for software companies, has successfully closed a $28 million Series B funding round. The investment was co-led by Fika Ventures and QED Investors, with additional participation from existing backers TTV Capital and Bling Capital.
With this latest funding, Payabli’s total capital raised now stands at $60 million. The company plans to leverage the new funds to accelerate product development, focusing specifically on AI-powered features that will personalize customer experiences, optimize operational processes, and further strengthen the company’s customer success, operations, and go-to-market teams.
Payabli’s Mission: Simplifying Payments for Software Companies
Founded by Joseph Elias Phillips and William Corbera, who serve as Co-CEOs, Payabli provides a robust payments infrastructure and monetization platform tailored for software companies. Through a single developer-friendly API, the platform enables software businesses to integrate payment acceptance, issuance solutions, and payment operations directly into their products.
The platform helps these companies monetize payments effectively while simplifying the complex payment workflows typically associated with embedded financial services.
Rapid Growth and Industry Impact
In the past year, Payabli has experienced significant growth, achieving:
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Multiple billions in live processing volume
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A 7x year-over-year revenue increase
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More than 50,000 merchants onboarded to its platform
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Successful embedded payments integrations with large enterprises in essential “need-to-pay” sectors
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Strategic partnerships and integrations with leading payment processors and sponsor banks
AI-Powered Innovation: The Next Frontier
A core part of Payabli’s future strategy revolves around AI-driven solutions. The company is advancing its AI capabilities in two primary areas:
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Operational Efficiency: Payabli is using AI to streamline internal processes and enhance overall efficiency.
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Personalized Customer Experiences: AI features will soon allow for smarter, more customized interactions that increase both customer satisfaction and revenue potential.
Recently, Payabli launched Amigo, its proprietary AI-powered support agent. Amigo is integrated across Payabli’s technical documentation, web platform, and even within Slack, offering instant assistance to users.
In addition, Payabli is developing advanced risk and fraud detection models using proprietary customer datasets. These AI-driven models aim to provide customized risk assessments tailored to specific industries and businesses, improving security while reducing false positives.
Looking Ahead
With this new infusion of capital and a strategic emphasis on AI-driven payments innovation, Payabli is positioning itself as a key player in the rapidly evolving fintech ecosystem. The company is committed to empowering software businesses to turn payments from a cost center into a growth engine, all while delivering seamless and secure customer experiences.