GrailPay, a New York-based risk platform for bank payments and ACH payment processing, has raised $6.7m to fuel its growth.
The funding round was led by Construct Capital, with participation from Commerce Ventures, Broadhaven Ventures, Soma Capital, Grasshopper Bank, and a network of FinTech operators and angel investors. This latest investment follows an earlier round led by Noemis Ventures.
Founded in 2021, GrailPay provides integrated infrastructure for FinTechs and financial institutions to move money faster and more securely. Its platform is designed to address the long-standing risks associated with ACH transactions by applying modern intelligence and predictive analytics throughout the payment lifecycle.
The company plans to use the new capital to expand its product and engineering teams, strengthen its go-to-market operations, and introduce new features.
ACH transactions remain central to the U.S. financial system, processing over $86tn last year. However, the sector still struggles with fraud, credit risk, and operational issues. While credit card networks have benefitted from years of innovation, bank payments often rely on outdated systems and manual reviews.
GrailPay’s technology delivers real-time signals and predictive analytics for account enrolment, transaction monitoring, and merchant underwriting. Its solutions are used by payment platforms, lenders, FinTech firms, and software vendors to minimise failed payments, improve decision-making speed, and automate various processes. The platform’s modular design allows customers to use its intelligence features independently or alongside its ACH processing capabilities.
GrailPay CEO and co-founder Will Messina said, “Credit cards have seen decades of innovation—fraud tooling, risk engines, analytics. But the same hasn’t happened for bank payments. We’re building the modern intelligence layer to unlock the next growth wave of payments tied to a bank account.”
Construct Capital’s Camila Saruhashi said, “GrailPay is building what every modern payments company needs: a flexible, intelligent risk layer purpose-built for bank payments. The traction they’ve already seen speaks to how overdue this is.”
Source: https://fintech.global/
