Payra and Edison Partners Announce $15M Growth Investment to Modernize Accounts Receivable for America’s Heartland Businesses

New capital to accelerate ERP-native payments and Cash Application automation for construction, industrial, and blue-collar suppliers operating on legacy systems

NASHVILLE, Tenn.--(BUSINESS WIRE)--Payra, a B2B payments and accounts receivable automation platform built for blue-collar and construction-oriented businesses running on legacy enterprise resource planning (ERP) systems, has raised a growth equity investment of $15 million from Edison Partners, the growth equity firm announced today.

Payra helps construction and building supplier companies modernize cash collection without replacing the existing ERP systems at the center of their operations. The company’s software integrates directly with accounting systems such as Trimble Viewpoint, Foundation, Sage, Netsuite and more, using proprietary, AI-enabled technology rather than requiring customers to rip and replace existing systems.

By embedding into established ERPs, Payra enables businesses to accept ACH, card, and other forms of digital payment, and to automate cash application and reconciliation, inside systems that often lack modern APIs.

The company serves a large but underserved $200 billion segment of the U.S. economy consisting of construction suppliers, concrete producers, lumber yards, HVAC distributors, and other industrial businesses that generate millions in annual revenue but still rely on paper invoices, checks, spreadsheets, and manual reconciliation to manage receivables.

“These businesses are the backbone of the economy, but they’ve largely been left behind by modern fintech,” said Riley Lovingood, CEO and co-founder of Payra. “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.”

Payra says customers have achieved 20% reductions in days sales outstanding (DSO), 75% decrease in past-due invoices and significant time savings through automated cash application. The company has expanded to a revenue run rate exceeding $10 million within 15 months of launch, driven by demand from family-owned and regional businesses across the U.S. heartland.

Edison Partners cited Payra’s ERP-native approach as a key differentiator in a crowded payments and AR automation market.

“We’ve watched this category evolve for more than 20 years,” said Chris Sugden, Managing Partner, Edison Partners. “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 used to expand Payra’s product capabilities, deepen ERP integration partnerships, and scale go-to-market efforts across construction and industrial verticals.

Payra joins Edison Partners’ portfolio of companies that are modernizing fintech infrastructure for business financial management such as Billtrust, K1x, Solutions By Text (SBT), Dash Solutions, Fingercheck and Zelis. 2026 marks Edison Partners’ 40th year of investing with investments in more than 260 growth-stage companies.

About Payra

Payra automates accounts receivable and cash application processes for construction suppliers. The platform streamlines how construction material suppliers and distributors manage incoming payments, automatically matching payments to invoices and updating account balances in real-time. By streamlining manual cash application work that traditionally bogs down accounting teams, Payra helps construction suppliers accelerate their order-to-cash cycle, reduce days sales outstanding, and free up working capital. Payra integrated their solution in partnership with leading construction oriented ERPs to deliver a unified experience for finance teams for minimal disruption to existing workflows. For more information on Payra, please visit payra.com and follow on LinkedIn.

About Edison Partners

Edison Partners is a leading growth equity firm providing the financial and intellectual capital that CEOs and their executive teams need to grow and scale their companies. The firm’s team brings more than 275 years of combined investing, operating and sector experience to each investment, accessible via the Edison Edge value creation platform, which is tailored to each business’ strategy, stage and operating needs. Edison targets high-growth vertical SaaS, financial technology, healthcare IT and marketplace companies located outside Silicon Valley with $15 million to $50 million in revenue. Investments also include buyouts, recapitalizations, spinouts, and secondary stock purchases. Named as a Top Growth Investment Firm by GrowthCap for multiple years running, Edison’s active portfolio has created aggregated market value exceeding $10 billion. Edison Partners manages $2.2 billion in assets. For more information on Edison Partners, please visit edisonpartners.com and follow on LinkedIn.