GrailPay, a risk and data platform for bank payments, raised $6.7 million in funding.
The fintech said in a press release that the funding round was led by Construct Capital and included Commerce Ventures, Broadhaven Ventures, Soma Capital, and Grasshopper Bank. The company’s initial funding round was led by Noemis Ventures.
GrailPay is pioneering a modern intelligence platform designed to detect and prevent risk across the ACH lifecycle, before transactions are initiated.
“Credit cards have seen decades of innovation—fraud tooling, risk engines, analytics,” Will Messina, the company’s co-founder and CEO, said in the release. “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.”