“Can a PayFac-as-a-service infrastructure platform become the de facto embedded payments OS for vertical SaaS companies, owning the full payments stack from acceptance through payouts and back-office operations?”
Founded in 2020 by payments veterans Joseph Phillips (ex-ServiceTitan) and William Corbera (co-founder of RevoPay, acquired by OSG), Payabli was built from the outset to offer PayFac-as-a-service and embedded payments infrastructure for vertical SaaS platforms. The company's thesis — 'if you're a software company, you're a payments company' — positions it as a full-stack payments infrastructure layer covering acceptance (Pay In), payouts (Pay Out), and back-office operations (Pay Ops). With the Series B in June 2025, Payabli is accelerating into AI-enhanced payment operations and expanding its enterprise client base in 'need-to-pay' verticals.
Payabli discloses Merrick Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Payabli does not disclose a bank charter of its own; its banking services are provided through Merrick Bank.
Payabli processes payments through Payabli Payments (self-operated).
The Embedded Finance Index 2026 maps 2 layers in Payabli's stack: Payments / PSP (Payabli Payments (self-operated)); Sponsor bank (Merrick Bank).
Payabli was founded by Joseph Phillips and William Corbera and is founded in 2020, headquartered in Miami, FL, USA.
Payabli has raised $60M in total (latest round: Series B, June 2025).
Get a read on where your own stack stands against Payabli and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.