Edison Partners Invests $15 Million in Payra to Enhance B2B Payments

Edison Partners, a leading growth equity firm, has made a significant move by investing $15 million in Payra, a platform dedicated to automating accounts receivable and cash application processes for construction suppliers. This investment, announced on February 18, 2026, is set to enhance Payra’s capabilities in modernizing cash collection without necessitating the replacement of existing enterprise resource planning (ERP) systems.

Payra’s software integrates seamlessly with established accounting systems such as Trimble Viewpoint, Foundation, Sage, and NetSuite. By utilizing proprietary, AI-enabled technology, Payra allows businesses to accept various forms of digital payments, including ACH and credit cards, while automating cash application and reconciliation processes. This is particularly beneficial for the $200 billion segment of the U.S. economy that includes construction suppliers, concrete producers, and HVAC distributors, many of whom still rely on outdated methods like paper invoices and manual reconciliation.

Riley Lovingood, CEO and co-founder of Payra, expressed enthusiasm about the partnership with Edison, stating, “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.” Payra has already demonstrated success, achieving a revenue run rate exceeding $10 million within just 15 months of launch, driven by demand from family-owned and regional businesses across the U.S.

Chris Sugden, Managing Partner at Edison Partners, noted, “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.” The growth capital will be utilized to expand Payra’s product capabilities, deepen ERP integration partnerships, and scale go-to-market efforts across construction and industrial verticals.

This investment aligns with Edison Partners’ strategy of supporting companies that are modernizing fintech infrastructure for business financial management. The firm has a history of investing in high-growth vertical SaaS and financial technology companies, managing $2.2 billion in assets and boasting a portfolio that has created aggregated market value exceeding $10 billion.

Looking ahead, Payra aims to enhance its operational efficiency and cash flow for clients while exploring opportunities to accelerate product development cycles and expand service offerings. As the B2B payments landscape evolves, this investment positions Payra to capture a larger share of the underserved market, potentially leading to increased competition and innovation in the sector.