Fintech startup GrailPay raises $6.7 million to modernize ACH transactions with predictive analytics and risk management tools
Highlights:
- GrailPay raises $6.7 million to expand its risk and intelligence platform for ACH transactions.
- The company supports over 10,000 businesses, helping them reduce fraud and operational failures in bank payments.
- Funds will be used to enhance predictive analytics, improve transaction monitoring, and scale product development.
Summary: New York-based fintech startup GrailPay has secured $6.7 million in funding to advance its ACH payment security and intelligence platform. The company aims to modernize bank payments by integrating predictive analytics and real-time risk monitoring, addressing fraud and operational inefficiencies.
GrailPay currently serves over 10,000 businesses, providing tools for account enrollment, transaction monitoring, and merchant underwriting. With ACH transactions forming a critical part of the financial system, GrailPay’s latest funding will help accelerate innovation in payment security and reliability.
