Gr4vy secures $15 million Series A extension funding

Cloud native payments orchestration platform Gr4vy raised an $11.1 million Series A last year and has now bagged a further $15 million in extension funding, led by March Capital.

This takes its total Series A stage funding to $27.2 million (including previous seed funding). The US-based startup claims this has doubled its valuation to $115 million.

“Worldwide growth in various payment methods and processors has led merchants to build increasingly complex payment infrastructure that's highly inflexible when it comes to the FinTech and payments market,'' says John Lunn, Founder and CEO, Gr4vy, which was shortlisted at the 2021 RTIH Innovation Awards.

“Payment orchestration shouldn’t be overly complicated. Our cloud native POP delivers modern payment infrastructure and allows merchants to expand and manage payment methods, services and transactions in a no-code/low code fashion with just a few clicks.”

“As we continue to supercharge merchants' payment stacks and deliver new products and services, we’re honoured to have the backing of such trusted names in venture capital, such as March Capital.”

ICYMI:
"Retailers need to be able to move as swiftly as the #payments industry, keeping up with new preferences, and experiment with trends."

Check out @money2020's podcast with @John_c_lunn on creating a solution that allows retailers this flexibility.https://t.co/9Xowg5TAvg
— Gr4vy (@Gr4vyInc) January 6, 2022

“Digital payments methods today come in more forms than ever before, resulting in merchants feeling overwhelmed. There are BNPL providers, credit cards, account-to-account services, crypto and a wide array of local payment solutions – all of which differ by geography and require engineering teams to integrate,” says Solomon Hailu, Partner of March Capital.

“March is excited to partner with John and the Gr4vy team as they help merchants simplify and manage payment infrastructure via a cloud native, easy to use, orchestration platform at a time when e-commerce strategy is mission critical.”

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