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Visa invests in Railsbank platform

Thursday 9 April 2020 12:07 CET | News

Railsbank, an UK-based open banking platform, has topped up its Series A funding round with investments from Visa along with Japan-based Global Brain.

Besides, Railsbank has recently signed a five years partnership with Visa to deliver Banking-as-a-Service (BaaS) innovation in Southeast Asia, and became a Visa ‘principal issuing’ member.

The open banking and compliance platform has also picked up EUR 9 million for its Series A in September 2019.

Visa's interest in Railsbank comes just after a commercial agreement and investment in Hong Kong-based business account startup Neat.


Source: Link


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Keywords: Visa, Open Banking, Railsbank, UK, Japan, Global Brain, partnership, BaaS, innovation, Asia, startup, Neat, Hong Kong
Categories: Banking & Fintech
Companies:
Countries: United Kingdom
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Banking & Fintech






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