NEW YORK: GrailPay, a risk and data network for business-to-business payments, has raised $10.5 million in a Series A round led by MissionOG, the company announced Thursday.
The funding, which brings GrailPay’s total capital raised to $17.2 million, also drew participation from EJF Ventures, Counterpart Ventures, Construct Capital, Commerce Ventures and SSC Venture Partners.
The New York-based company plans to use the capital to expand its Payments Identity Network, which it describes as a trust layer for bank account risk. The network currently covers more than 99% of U.S. bank accounts.
GrailPay’s technology aggregates first-party payment processing data with third-party data sources to build risk profiles for bank accounts and the identities connected to them. The company says those profiles are designed to help financial institutions and fintech companies vet transactions on automated clearing house and instant payment rails — a process it argues has lagged far behind the risk infrastructure long used by card networks.
“ACH is the backbone of B2B commerce but has never had the risk and authorization infrastructure that card networks have had for decades,” said Kevin Leonard, a partner at MissionOG. “GrailPay built this trust layer the hard way, combining money movement with risk intelligence to create a data flywheel that gets smarter with every transaction.”
Founded originally as a payments API platform, GrailPay has grown to handle billions of dollars in annualized ACH origination volume, with growth doubling quarter over quarter. The company says it has had no customer churn, with clients on average more than tripling their spending in the first year.
Will Messina, co-founder and chief executive, said the company is targeting what he called an $80 trillion B2B payments economy that he believes has been largely overlooked by recent artificial intelligence innovation.
The Series A proceeds will also fund expansion into agentic payments — autonomous, AI-executed transactions — as well as stablecoin-based cross-border payments and instant guaranteed bank transfers.
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