Payrailz
“Can cloud-native, AI-enabled digital payment infrastructure replace legacy payment systems for community banks and credit unions?”
HQGlastonbury, Connecticut, US
Latest roundAcquired by Jack Henry & Associates, August 2022
IndustryFintech / SMB banking
The story
Payrailz was a cloud-native, API-first, AI-enabled digital payments platform focused on consumer and commercial payment solutions for banks and credit unions. The company modernized how financial institutions and their customers manage financial transactions. In August 2022, Jack Henry & Associates acquired Payrailz to bolster its digital financial management capabilities, integrating Payrailz's payment solutions into Jack Henry's broader banking technology stack.
Last 12 months
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Product timeline
2022
Jack Henry & Associates acquired Payrailz, LLC for approximately $230 million to expand its digital financial management solutions.· acquisition
The stack
Accounting gap: none