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Railsbank Picks Up $70M To Expand Its Embedded Financial Platform Globally

Jul 14, 2021•about 4 years ago

Amount Raised

$70 Million

London

Description

London-based global embedded finance platform Railsbank enables fintechs, supermarkets, telcos, and consumer brands all over the world to build new financial offerings. In a recent development, the company picked up $70 million (nearly £50.5 million) in funding.

Company Information

Company

Railsbank

Location

London, Ontario, Canada

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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