Payabli Closes $28M Series B for API-Driven Payments Infrastructure

Payabli, a payments infrastructure provider for software companies, closed a $28M Series B funding round co-led by Fika Ventures and QED Investors, bringing total funding to $60M. The company offers an API-driven platform that enables software companies to embed PayFac-level payment capabilities without the traditional overhead of becoming a payment facilitator. Payabli's infrastructure includes card issuance and AI-powered features designed to streamline payment operations for its software partners.

The funding round comes after the company achieved 7x revenue growth and processed billions in payment volume, demonstrating strong product-market fit. Proceeds will be used to accelerate growth in embedded payments infrastructure for the software vertical. The platform's approach of abstracting payment complexity via APIs aligns with the broader BaaS trend of enabling non-financial companies to offer financial services.

QED Investors' involvement in both this round and OatFi's round signals the firm's conviction in the embedded finance infrastructure layer.