Payra Raises $15M Growth Equity for AR Automation

Payra, a Nashville, TN-based AI-enabled accounts receivable and B2B payments platform for construction and industrial businesses, secured $15 million in growth equity funding. The round was led by Edison Partners.

Payra plans to use the capital to expand product capabilities, deepen ERP integrations, and scale go-to-market efforts across construction and industrial verticals. The platform is designed to automate accounts receivable and cash application processes for construction suppliers without replacing the existing ERP systems.

Payra serves construction suppliers, concrete producers, lumber yards, HVAC distributors, and other industrial businesses.