Joseph Phillips and William Corbera, both with entrepreneurial backgrounds, have been friends for over a decade.
Corbera co-founded RevoPay, a payments processing platform acquired by OSG in 2022. Phillips led the national sales team at Seamless before joining ServiceTitan, a web-based management tool for construction contractors.
In 2020, Phillips and Corbera, with years of experience in payments, founded Payabli, a payments-focused venture. Payabli provides infrastructure for companies, especially software companies, to embed and facilitate payments through APIs.
Payabli aims to disrupt traditional payments facilitators like Stripe, Adyen, and Paytrix by offering payment acceptance and issuance solutions to software companies without the heavy administrative burden and cost of becoming a payment facilitator.
Payabli not only provides payment acceptance tools for clients but also offers payout solutions for companies to pay vendors and suppliers, along with various payment operations products to manage risk, fraud, disputes, compliance, and underwriting.
VCs have shown strong support for Payabli with a recent $20 million Series A funding round led by TTV Capital, Fika Ventures, and Bling Capital. The company’s total funding now stands at $32 million at a “nine-figure” valuation.
With around 60 customers and revenue growing threefold over the past year, Payabli plans to use the new funding for product innovation, security enhancements, customer acquisition, and accelerating growth with large enterprise customers.
Based in Miami, Payabli has 49 employees and expects to expand to nearly 70 by the end of the year.
