Embedded finance company Railsr (formerly Railsbank) has announced the conclusion of a $46 million Series C funding round.
The London-based company is focused on making financial products and services digital and embeddable.
The latest funding round is reportedly comprised of $26 million of equity and $20 million of debt, with existing shareholder Anthos Capital leading the equity portion and Mars Capital, a new investor, providing the debt.
“We set out to challenge old finance and this is what we will continue to do,” said Nigel Verdon, chief executive and co-founder of Railsr. “Whilst we must take into account the challenging macroeconomic and geopolitical backdrop we operate against today, it remains a good time to be a FinTech business growing new embedded finance micro-economies.”
Earlier this year, the platform launched a new white label Buy Now Pay Later (BNPL) credit service for retailers.
The solution enables retail companies to develop their own branded BNPL option that is customisable.
Latest News
-
Financial Data Exchange becomes first US Open Banking standard setting body
-
British financial sector optimism falls at fastest rate since 2022 amid Budget concerns
-
TransUnion to buy Monevo
-
Global banks to axe 200,000 jobs by 2030 as AI takes over human tasks, finds Bloomberg
-
Lloyd's of London chief executive officer Neal to step down in 2025
-
JPMorgan becomes final major Wall Street bank to exit climate alliance
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories