Railsbank Raises USD37 Million Growth Funding Co-led By MiddleGame Ventures and Ventura Capital
11/12/20, 9:34 AM
Location
londonRailsbank, the leading global Banking-as-a-Service (BaaS) platform, has raised USD37 million as part of continued equity funding to support its global growth and product expansion. MiddleGame Ventures and Ventura Capital, both existing investors in Railsbank, co-led the round, with Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr also participating.
Company Info
Location
london, ontario, canada
Additional Info
Railsbank will use the funds to drive international expansion of its various Embedded Finance products – Banking as a Service, Cards as a Service, and Credit as a Service across Europe, Asia Pacific, and North America. More importantly, as an early stage fintech investor, I’ve witnessed a remarkable change in the volume of companies that are building next generation businesses using Railsbank..”Leads embedded finance sector Railsbank was founded in 2016 by fintech veterans Nigel Verdon and Clive Mitchell.