Payments platform Payabli lands $28m in Series B funding

June 18, 2025

Payabli, a Miami-based FinTech company specialising in payments infrastructure for software platforms, has raised $28m in a Series B funding round.

The investment was co-led by Fika Ventures and QED Investors, with continued support from existing backers TTV Capital and Bling Capital. This new injection brings Payabli’s total capital raised to $60m, following its Series A round just nine months earlier.

Founded by payments and SaaS veterans, Payabli provides a developer-first platform enabling software companies to embed and manage payments seamlessly within their offerings. Its all-in-one infrastructure allows clients to handle Pay In, Pay Out, and Pay Ops through a unified API, transforming traditional software firms into fully integrated payments businesses.

The new capital will accelerate the company’s expansion into AI-powered product development and operational enhancements. Among its key priorities are the deployment of AI features to create personalised customer experiences, the launch of embedded spend management tools, and the development of advanced fraud detection models using proprietary customer data.

Part of Payabli’s AI strategy includes the launch of Amigo, an AI-driven support agent designed to streamline onboarding, support and analytics. Amigo is already embedded across the company’s documentation, platform and Slack interface.

Payabli has experienced significant momentum in the past year, with revenue growing sevenfold and total processing volume surpassing multiple billions. The company now serves over 50,000 merchants and has onboarded several major enterprises in high-complexity verticals.

Payabli co-founder and co-CEO Joseph Elias Phillips said, “2024 was a transformative year for Payabli, as the flywheel of embedded payments truly kicked in and propelled us to outperform even our most ambitious goals. We’re fortunate to be experiencing rapid growth at a time when AI is poised to revolutionize the financial services industry.

“When our investors approached us about doubling down on Payabli, we saw a clear opportunity to go on the offensive by accelerating AI enablement across our platform and organization to drive further growth and bring groundbreaking new products and capabilities to market faster

Fika Ventures managing partner TX Zhuo said, “We’ve believed in Payabli’s vision since day one and have seen Jo and Will consistently exceed expectations as they build the future of embedded payments. Their ability to deliver a full stack, developer first platform that wins in complex, need-to-pay verticals is unmatched. We’re proud to continue leading their Series B and deepen our partnership with a team that exemplifies executional excellence and relentless customer focus.”