https://techcrunch.com/2022/03/17/payrails-emerges-from-stealth-with-6-4m-led-by-a16z-to-build-the-os-for-payments/

Payments — taking and and paying out money — remains a fragmented and complex area for merchants, marketplaces and others that do business with multiple parties online, and as it grows — from $1.5 trillion today to $2.9 trillion by 2030 — that complexity will grow, too.

Today, a startup is coming out of stealth with a solution that it believes makes the work of creating, managing, and (when needed) modifying those payment processes easier. Payrails has built what its CEO and co-founder Orkhan Abdullayev describes as the “operating system for payments”, and it has snagged a seed round of $6.4 million led by Andreessen Horowitz to prepare for the official commercial launch later this year.