Payrails emerges from stealth with $6.4M led by a16z to build the OS for payments

Payments
Written By Rick Watson

Payrails uses a single API to enable businesses to scale their payments and financial capabilities by way of smart payment routing and consolidated money movements. Analytics provide performance measurements and increased visibility into overall financial operations.

I like this idea because the payments industry has continued to get more complex, and almost no one has a single payment processor anymore.

TechCrunch: Payrails emerges from stealth with $6.4M led by a16z to build the OS for payments

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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