What is Payra?
Payra is a specialized financial technology platform designed to automate accounts receivable and cash application for construction suppliers. The system streamlines the management of incoming payments by automatically matching remittances to outstanding invoices and updating account balances in real-time. This automation significantly reduces the manual workload for accounting teams, enabling construction material suppliers and distributors to accelerate their order-to-cash cycle, decrease days sales outstanding, and enhance working capital availability. Payra's integration with leading construction-oriented ERP systems ensures a seamless user experience for finance departments with minimal disruption to existing workflows.
How much funding has Payra raised?
Payra has raised a total of $15M across 1 funding round:
Private Equity
$15M
Private Equity (2026): $15M with participation from Edison Venture Fund
Key Investors in Payra
Edison Venture Fund
Edison Venture Fund is a growth equity firm that partners with companies during critical growth phases, offering capital and operational expertise. Their Edison Edge platform provides tailored plans to accelerate business scaling.
What's next for Payra?
The substantial enterprise-level funding and recent strategic investment indicate Payra is poised for significant scaling and market expansion. This capital infusion will likely fuel further development of its automation capabilities, enhance integrations with a broader range of ERP systems, and support the company's efforts to capture a larger share of the construction supply chain finance market. Strategic partnerships and continued innovation in cash application technology will be key to Payra's sustained growth and market leadership.
See full Payra company page
