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Payra has raised $15 million in growth investment from Edison Partners to enhance its accounts receivable automation for construction and industrial suppliers. The funding will support product improvements, ERP integration partnerships, and market expansion, targeting traditional businesses that want to modernize payments without expensive system overhauls.

Payra boasts a 20% reduction in days sales outstanding and a 75% drop in past-due invoices for clients. Within 15 months of its launch, Payra achieved a revenue run rate exceeding $10 million, with significant adoption among family-owned and regional businesses in the US.