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Payra, a FinTech focused on accounts receivable automation for construction and industrial suppliers, has raised $15 million from Edison Partners. The funding aims to accelerate Payra's growth by enhancing product capabilities and expanding its market strategy, targeting traditional businesses seeking digitization without extensive system changes.

Payra reports a 20% reduction in days sales outstanding and a 75% decrease in past-due invoices for customers. The company has achieved a revenue run rate over $10 million within 15 months of launch.