Payabli, a Miami, FL-based payments Infrastructure company, raised $12M in seed funding.
The round was led by TTV Capital, Fika Ventures, Bling Capital, Louis Beryl (Rocketplace, Earnest) and Ershad Jamil.
The company intends to use the funds to further streamline and enhance the implementation process for Software companies, and invest in the continual innovation, stability and security of the product.
Led by Co-CEOs Joseph Elias Phillips and William Corbera, Payabli enables any software company to become a payments company through its payment infrastructure and monetization platform. Its developer friendly API enables software companies to integrate omni-channel payment acceptance capabilities like Invoicing, Virtual Terminals, Card Present solutions, subscription billing and more.
The company is also bringing to market innovative embedded payouts categories like On-Demand Payouts and Spend Management, helping address several Payouts use cases for merchants across numerous verticals. It offers unbundled Payment Operation Tools like Boarding, Underwriting, Risk Management, Reporting and Analytics, Pricing and Billing, Dispute Management and more, so that SaaS companies can manage the day to day operations of their Payments business.
