“Can a provider-agnostic orchestration layer become the operating system large enterprises use to run — and monetize — every payment flow?”
Founded in 2022 by former Delivery Hero fintech leaders who had built an in-house global payments platform serving 70+ countries, Payrails externalizes that thesis: a modular, provider-agnostic payments OS for enterprises. It has expanded from pure payment orchestration into a wider financial infrastructure suite — token vault, reconciliation, chargebacks, payouts, unified analytics, and fee monitoring — and in 2026 leaned hard into AI-native workflows with 'Ask Payrails' as its next positioning bet.
Payrails discloses mangopay as its banking provider, according to the Embedded Finance Index 2026.
Payrails does not disclose a bank charter of its own; its banking services are provided through mangopay.
Payrails processes payments through Adyen, Stripe, Checkout.com, Braintree, PayPal, Klarna, dLocal, Amazon Pay and 27 others.
Payrails's cards run on Visa, Mastercard and American Express.
Payrails's lending and capital products are provided by Klarna, Kueski, Tabby, Tamara, PagaLeve, Payflex, PayJustNow and Aplazo.
The Embedded Finance Index 2026 maps 4 layers in Payrails's stack: Payments / PSP (Adyen, Stripe, Checkout.com, Braintree and 31 others); Banking / BaaS (mangopay); Card network (Visa, Mastercard and American Express); Lending (Klarna, Kueski, Tabby, Tamara and 4 others).
Payrails was founded by Orkhan Abdullayev, Emre Talay and Nicolas (Nico) and is founded in 2022, headquartered in Berlin, Germany.
Payrails has raised $52.8M+ in total (latest round: Series A, 2025).
Get a read on where your own stack stands against Payrails 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.