Cloud-native payments orchestration firm Gr4vy has secured $15m in Series A extension funding.
The round was led by March Capital and saw participation from Nyca Partners, Plug and Play Ventures and Activant Capital. To date, Gr4vy has raised a total of $27.2m. The company has nearly doubled its valuation since its launch last April.
Founded in 2020, Gr4vy claims it is the only cloud-native payment orchestration platform. The firm is seeking to modernise the future of payment infrastructure around the globe and claims its cloud infrastructure provides its users scale and control for their payment stack from anywhere.
Gr4vy upgrades merchants’ payment stack and payment methods to make them more agile. The firm offers Instances, which is a solution that provides merchants with individualised infrastructure in the Cloud.
According to Gr4vy, it will use the newly raised capital to accelerate its global expansion to meet heightened market demand and support its product roadmap for its payment orchestration platform.
Gr4vy founder and CEO John Lunn said, “Worldwide growth in various payment methods and processors has led merchants to build increasingly complex payment infrastructure that’s highly inflexible when it comes to the fintech and payments market, Payment orchestration shouldn’t be overly complicated.
“Our cloud-native POP delivers modern payment infrastructure and allows merchants to expand and manage payment methods, services and transactions in a no-code/low code fashion with just a few clicks. As we continue to supercharge merchants’ payment stacks and deliver new products and services, we’re honoured to have the backing of such trusted names in venture capital, such as March Capital.”
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