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QRails Backed by Global Equities Asset Manager in Series A Funding Round

Mar 09, 2020•over 5 years ago

Round Type

series a

Denver

Description

QRails, a cloud-based, open API issuer-processor that enables innovative payment solutions around the world, today announced the closing of a $8 million Series A funding round led by EFM Asset Management. The announcement comes as QRails, in partnership with payroll service providers, is about to launch a novel earned wage access solution in North America, Europe and Australia. This fundraising round brings total funds raised to date by QRails to $18 million.

Company Information

Company

Q Rails

Location

Denver, Colorado, United States

About

QRails enables payroll service providers, fintechs, banks, insurance companies, and other financial services businesses in North America and Europe to deploy innovative payment solutions. QRails clients benefit from purpose-built technology offering secure and flexible APIs as well as easy access to an expert team committed to delivering responsive customer service. Founded in 2016, QRails, Inc., together with its subsidiaries QRails, Ltd. (London, UK) and Rete-Pay, is privately held by a group of industry leaders and leading investors. Learn more at www.QRails.Com.