Payabli, a SaaS-based payments gateway firm has raised an amount of $8 Mn in the new funding round. This step has been taken to provide SaaS companies with better and more advanced technology to make their payments process easier.
This SaaS-based payment startup has raised its seed fund from some well-known investors like Bling Capital, Fika Ventures, and TTV Capital.
Co-founders of Payabli include Joseph Phillips as well as William Corbera.
Corbera has already founded a Fintech startup namely RevoPay to offer different payment options. RevoPay was then acquired by a company called OSG Billing Services. OSG Services is also a payments firm backed by Aquiline Capital.
However, on the other hand, Phillips has worked in the sales domain for firms like Seamless and ServiceTitan. While working here, Corbera suggested the company to upgrade its payment infrastructure.
Responding to this news, Phillips says, “We were looking for ways to accelerate our revenue growth … and we stumbled upon payments. We were doing billions of dollars in volume, but we weren’t really monetizing it well.”
Further, Corbera said, “We started Payabli as an API-first payment infrastructure ecosystem to help software companies become payment companies and monetize their money movement”.