Payra Raises $15 Million Growth Investment From Edison Partners

The B2B payments and accounts receivable automation platform targets construction and industrial businesses operating on legacy ERP systems.

Published on Feb. 21, 2026

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Payra, a B2B payments and accounts receivable automation platform built for blue-collar and construction-oriented businesses operating on legacy enterprise resource planning systems, announced that it has raised a $15 million growth equity investment from Edison Partners. The Nashville-based company focuses on modernizing cash collection processes for construction and building supply businesses without requiring them to replace their existing ERP systems.

Why it matters

Payra's ERP-native model is seen as a differentiator in the accounts receivable automation and payments landscape, as it focuses on meeting traditional businesses within their existing technology stacks. The growth capital will be used to expand Payra's product capabilities, deepen ERP integration partnerships, and scale go-to-market efforts across construction and industrial verticals.

The details

Payra integrates directly with accounting platforms such as Trimble Viewpoint, Foundation, Sage and NetSuite, leveraging proprietary AI-enabled technology to embed payments and cash application automation within systems that often lack modern APIs. By integrating into established ERPs, Payra enables customers to accept ACH, card and other digital payment methods while automating cash application and reconciliation inside their current accounting environments. The company targets what it describes as a $200 billion segment of the U.S. economy comprised of construction suppliers, concrete producers, lumber yards, HVAC distributors and other industrial businesses that frequently rely on paper invoices, checks and manual reconciliation processes.

  • Payra reports that it has reached a revenue run rate exceeding $10 million within 15 months of launch.

The players

Payra

A B2B payments and accounts receivable automation platform built for blue-collar and construction-oriented businesses operating on legacy enterprise resource planning systems.

Edison Partners

A growth equity firm that has invested in Payra and cited the company's ERP-native model as a differentiator in the accounts receivable automation and payments landscape.

Riley Lovingood

CEO and Co-Founder of Payra.

Chris Sugden

Managing Partner at Edison Partners.

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What they’re saying

“These businesses are the backbone of the economy, but they've largely been left behind by modern fintech. They don't want to rip out their ERPs, they want faster cash flow, fewer past-due invoices, and less manual work. With Edison's shared ethos for supporting America's businesses and its expertise in payments and accounts receivables, we're excited to scale efficiently and with focus.”

— Riley Lovingood, CEO and Co-Founder of Payra (pulse2.com)

“We've watched this category evolve for more than 20 years. Payra represents the next generation of AR automation. It is the only AI-enabled software that meets traditional businesses where they are and helps them to modernize and drive ROI within their existing tech stack.”

— Chris Sugden, Managing Partner at Edison Partners (pulse2.com)

The takeaway

Payra's focus on modernizing cash collection processes for construction and industrial businesses without requiring them to replace their existing ERP systems is seen as a key differentiator in the accounts receivable automation and payments landscape. The $15 million growth investment from Edison Partners will help Payra expand its product capabilities, deepen ERP integration partnerships, and scale its go-to-market efforts across these traditional yet underserved verticals.