New York fintech GrailPay raised $10.5 million in Series A funding.
The fintech, which is building a risk intelligence platform for ACH and bank payments, said the funding round was led by MissionOG and included participation EJF Ventures, Counterpart Ventures, Construct Capital, Commerce Ventures, and SSC Venture Partners.
GrailPay said it plans to use the funds to expand its risk-detection infrastructure.
GrailPay has raised a total of $17.2 million since its creation.