# Zum Rails

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zum-rails

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.zumrails.com/
- Total disclosed funding: $7.8M
- Latest round: Series A (Feb 22, 2024)
- Investors on record: 1

## About

Based in Montreal, Canada, and founded in 2019 by co-founders Marc Milewski and Miles Schwartz, Zum Rails Inc. offers an all-in-one payments gateway that allows companies to tailor their payment solutions according to their specific needs. In February 2024, Zum Rails Inc. raised CAD 10.5 million in Series A, led by investor Arthur Ventures.

Zum Rails offers a comprehensive suite of payment solutions, including Electronic Funds Transfer (EFT), Automated Clearing House (ACH), Visa Direct, credit card processing, and Interac payments. With an API layer and intuitive payment portal, the business enables businesses to integrate and customize their preferred payment rails effortlessly. The company's product portfolio includes seamless credit card processing, near real-time fund transfers, and secure movement of funds through various channels such as email, text message links, or URLs. Zum Rails provides reliable, secure, and user-friendly payment solutions to its clients, ensuring that businesses never miss a payment and enhancing the overall customer experience. Zum Connect iFrame (SDK payment flow), a platform that facilitates seamless connectivity to financial accounts, and Zum Invoicing & Subscription, which automates and digitizes accounts receivables for round-the-clock payments.

The company plans to use the February 2024 funding to expand its comprehensive payments gateway, including the development of new banking-as-a-service offerings.

## Funding rounds

- Series A, Feb 22, 2024, $7.8M — Arthur Ventures

## Investors

- Arthur Ventures (https://capitalatlas.ai/funds/arthur-ventures) — Series A