GrailPay, a platform focused on risk management and data analysis for bank payments, has secured $6.7m in funding.
The investment round was led by Construct Capital, with participation from Commerce Ventures, Broadhaven Ventures, Soma Capital, and Grasshopper Bank, alongside several experienced fintech operators and angel investors. This follows an earlier funding round spearheaded by Noemis Ventures.
Camila Saruhashi from Construct Capital said: “GrailPay is building what every modern payments company needs: a flexible, intelligent risk layer purpose-built for bank payments.
“The traction they’ve already seen speaks to how overdue this is.”
Established in 2021 and based in New York, GrailPay specialises in secure bank payment processing and Automated Clearing House (ACH) transactions, offering integrated solutions for fintech firms and financial institutions. The company currently supports over 10,000 businesses by enhancing the security of bank payments against fraud and operational shortcomings.
GrailPay highlights that ACH is crucial to the US financial infrastructure, handling over $86 trillion last year. Despite its significance, it continues to face challenges such as fraud and credit risk.
While card payments have seen significant advancements in risk management technologies, bank payments are still largely dependent on outdated systems and manual processes. GrailPay aims to modernise this sector with a contemporary intelligence platform that identifies and mitigates risks throughout the ACH process before transactions occur.
GrailPay CEO and co-founder Will Messina said: “Credit cards have seen decades of innovation—fraud tooling, risk engines, analytics.
“But the same hasn’t happened for bank payments. We’re building the modern intelligence layer to unlock the next growth wave of payments tied to a bank account.”
The platform’s offerings include predictive analytics and real-time alerts for account registration, transaction oversight, and merchant evaluation. Clients such as payment processors, lenders, fintech companies, and software providers use these tools to minimise failed transactions, expedite decision-making processes, and streamline operations.
Although GrailPay offers ACH processing services, its solutions are designed to be adaptable and can be utilised independently of its payment services.
The newly acquired capital will be allocated towards expanding GrailPay’s product development and engineering teams. Additionally, the company plans to enhance its market presence and launch new capabilities aimed at reducing risks and accelerating bank payments by continuously improving its risk assessment models.
