QRails is a cloud-based, open API issuer-processor that enables innovative payment solutions around the world.
QRails solves problems for prepaid, debit and credit card issuers with integrated payment processing and program management.
QRails was founded in 2016 by Gerard Griffin and Laurence Molke. The company is headquartered in Denver, Colorado, with an office in London, United Kingdom.
QRails offers single-load and reloadable virtual prepaid accounts for businesses to deliver real-time payments to vendors, suppliers and clients. Mobile Wallets QRails helps your business embrace the convergence of “contactless transaction acceptance” with the distribution of mobile payment technologies.
QRails clients benefit from purpose-built technology offering secure and flexible APIs as well as easy access to an expert team committed to delivering responsive customer service. Its customers include fintechs, banks, and insurance companies.
QRails is backed by EFM Asset Management, Gary Hoffman, chairman of Hastings Insurance, former CEO of Barclaycard and board member at Visa and others. The company raised $8M in a Series A round on Mar 09, 2020. This brings QRails' total funding to $18M to date.