May 27, 2020

QRails – $8 Million

Denver, CO/London ; 03/10/2020

Amount Funded: $8 Million

Type: Series A

Investor: EFM Asset Management

Total Funding to Date: $18 Million

Company Description: QRails enables payroll service providers, fintechs, banks, insurance companies, and other financial services
businesses in North America and Europe to deploy innovative payment solutions. QRails clients benefit from
purpose-built technology offering secure and flexible APIs as well as easy access to an expert team committed
to delivering responsive customer service. Founded in 2016.

What funding will be used for:  Continuing company growth

Quotes:

 “We are immensely excited to be rolling out our earned wage access solution in North America and to be
establishing a presence in Australia later this summer. We look forward to continuing to power payments
innovation within financial services, including instant wage payments, open banking and the digital payment of
insurance claims.”

-Gerald Griffin, CEO, Q Rails

Notes:

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

StartupsOne

StartupsOne features relevant, focused news on venture capital funding of technology oriented startup businesses based in North America.

View all posts by StartupsOne →