# Railsbank Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/railsbank-technology

- Industry: Software
- Headquarters: London, UK
- Website: www.railsr.com
- Total disclosed funding: $119M
- Latest round: Series C (Oct 4, 2022)
- Investors on record: 11

## About

Railsr is a UK-based embedded finance platform that enables businesses to integrate banking, wallets, and card services into their customer experiences seamlessly.Railsbank Technology Limited, founded in 2016 in London, UK, specializes in embedded finance solutions. The company, led by founder and CEO Nigel Verdon, has raised GBP 20.00 mn in funding, with its most recent deal occurring on October 27, 2023, backed by D Squared Capital and Moneta Venture Capital. The company has completed 12 deals to date.Railsr offers a comprehensive embedded finance platform designed to enhance customer experiences through the integration of banking, wallets, and card services. Their core product suite includes Banking as a Service (BaaS) and Cards as a Service (CaaS), enabling businesses—from fintech startups to established retailers—to embed financial services into their customer journeys. Utilizing powerful APIs, Railsr facilitates the creation and management of digital wallets, payment processing, virtual cards, and reward programs, catering to clients across Europe, North America, and Asia.In the most recent fiscal year, Railsr reported a revenue of GBP 6,522,811.80 with an EBITDA of GBP -18,013,512.60. Their revenue model is structured around subscription-based access to APIs and transactional fees, generating income from enhanced customer offerings with their digital wallet and card solutions.Railsr plans to utilize the GBP 20.00 mn raised in October 2023 to support the development of new products and expand into additional markets. The company is focusing on launching innovative features within its embedded finance platform while targeting growth in regions including Asia and North America by the end of 2024.

## Funding rounds

- Series C, Oct 4, 2022, $25M — Anthos Capital, Ventura Capital Privado, Moneta Venture Capital, CreditEase Fintech Investment Fund, Outrun Ventures
- Series B, Mar 1, 2021, $84M — Central Capital, Anthos Capital, Cohen & Company, Outrun Ventures
- Series A, Aug 12, 2019, $9.3M — Firestartr, Moneta Venture Capital, CreditEase Fintech Investment Fund, Clocktower Technology Ventures, Singlife
- Series A, Jul 26, 2017, $1M — Kima Ventures, Firestartr

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Series A
- Firestartr (https://capitalatlas.ai/funds/firestartr) — Series A
- Moneta Venture Capital (https://capitalatlas.ai/funds/moneta-venture-capital) — Series A, Series C
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Series A, Series C
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Series A
- Singlife — Series A
- Central Capital — Series B
- Anthos Capital (https://capitalatlas.ai/funds/anthos-capital) — Series B, Series C
- Cohen & Company — Series B
- Outrun Ventures (https://capitalatlas.ai/funds/outrun-ventures) — Series B, Series C
- Ventura Capital Privado (https://capitalatlas.ai/funds/ventura-capital-privado) — Series C