The company provides open banking and embedded finance services and is in talks with investment bank FT Partners to receive the new round of funding.
Founded in 2016, Railsbank raised its first seed round in 2017, followed by a USD 37 million received in 2020 to boost its expansion plans in the US, as well as more than USD 67.5 million in 2021.
Currently, the company is active in Europe, the US, and Asia and, with the next round of funding expected to be completed in the following months, it could reach the Unicorn status along other UK-based successful businesses like Monzo, Wise, and Starling Bank.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright