Payra Secures $15M Investment from Edison Partners for Accounts Receivable Modernization
Payra has announced a $15 million growth equity investment from Edison Partners to enhance its B2B payments and accounts receivable automation platform for construction and blue-collar businesses. The funds will facilitate product development, ERP integration, and market expansion, enabling clients to modernize payment processing and cash application within existing ERP systems.
Theia Market Signal Identification - AI Assisted
Payra has raised $15 million in growth equity from Edison Partners to advance its B2B payments and accounts receivable automation platform for blue-collar and construction businesses. The investment will enhance product capabilities, deepen ERP integration, and expand market efforts.
Payra's platform allows clients to accept digital payments and automate cash applications within legacy ERP systems. Customers report a 20% reduction in days sales outstanding and a 75% decrease in past-due invoices. The company reached a revenue run rate of over $10 million within 15 months of launch.
Comments