QRails
Latest round
- Series A
Last raised
- Mar 2020
Total raised
- $8M
Investors
- 1
About QRails
QRails, Inc.Founded in 2016, QRails, Inc. operates from Denver, US, and focuses on advanced payment processing solutions. The company has completed a total of 15 deals, with the most recent deal occurring on June 15, 2023. QRails was fully acquired by XTM Inc.5 million, highlighting its strategic pivot toward expanding earned wage access offerings.QRails specializes in providing advanced payment processing solutions through an API-driven, mobile-first approach. Their core offerings include virtual prepaid cards, earned wage access (EWA) solutions, and a fully featured paycard system tailored for employers and employees. These products enable businesses across various sectors to streamline their payment processes and address the growing need for financial wellness solutions among their workforce. QRails serves a diverse client base that encompasses fintech companies, employers, and their employees, facilitating the deployment of innovative payment methods that enhance financial flexibility.QRails generates revenue through a structured transaction model that primarily involves partnerships with fintech firms and employers who utilize its payment processing services. The company operates on a B2B2C model, where clients integrate QRails' APIs into their own platforms to provide payment solutions to their end-users. Revenue is derived from transaction fees associated with each payment processed, as well as potential subscription fees for accessing advanced features of the platform. QRails' flagship products, including their earned wage access and paycard solutions, play a crucial role in facilitating timely payments for employees, thereby enhancing the financial well-being of users., which is expected to enhance their earned wage access offerings and expand their reach within the global market. The acquisition will empower both companies to broaden their service capabilities and target a more extensive international customer base.5 million from XTM Inc. to invest in the development of new products and expand its operations into additional markets. The company focuses on enhancing its product offerings while actively seeking to penetrate new geographical regions to meet the growing demand for innovative payment solutions.
Who invested in QRails
1 investor across 1 round
See all investors in QRails
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Funding rounds
Series A
Mar 3, 2020
Amount
$8M
Investors
Questions about QRails
Who invested in QRails?
QRails has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has QRails raised?
QRails has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did QRails last raise money?
QRails's most recent round on record is a Series A, in Mar 2020.
What does QRails do?
QRails is a financial services company.
Where is QRails headquartered?
QRails is headquartered in Denver, US.
Which VCs invest in companies like QRails?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at QRails's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
Raising like QRails? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.