Payra automates accounts receivable and cash application processes for construction suppliers. The platform streamlines how construction material suppliers and distributors manage incoming payments, automatically matching payments to invoices and updating account balances in real-time. By streamlining manual cash application work that traditionally bogs down accounting teams, Payra helps construction suppliers accelerate their order-to-cash cycle, reduce days sales outstanding, and free up working capital. Payra integrated their solution in partnership with leading construction oriented ERPs to deliver a unified experience for finance teams for minimal disruption to existing workflows.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 02/18/26 | $15,000,000 | Series A |
Edison Partners | undisclosed |