Railsr
Banking-as-a-Service platform
- 101-200 employees
- Fintech
- B2B
- Banking
- API
- Holborn, London, UK
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Company mission
To make finance an amazing experience everywhere in the world.
Our take
As the digital economy has grown, so too has the market for 'Banking-as-a-Service' - the process of ensuring the overall execution of financial services over the web. As businesses expand online, they have opportunities to be able to build and sell various financial services or add fintech features to their existing products. Railsr (formerly Railsbank) facilitates companies doing this easily, where it would previously have been a huge undertaking.
Essentially, Railsr is making financial services more inclusive. Previously, the complexities of legacy technology, managing global compliance and ancient bank processes have created a slow, complex and costly experience for customers. Now, through Railsr's Open Banking Platform and APIs, financial innovators have the means of creating the financial services, products and experiences their clients want.
In 2022, shortly after becoming Railsr, the company benefitted from the embedded finance boom and raised a large funding round to support its ongoing expansion efforts. Early in 2023, however, the company had to undertake an emergency sale and shift of control - though it seems to have remained positive throughout, citing the sale as a "pivotal moment" that will enable it to "rebuild momentum, drive change and return Railsr to growth."
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Work from home opportunities
Funding (last 2 of 8 rounds)
Oct 2023
$24m
GROWTH EQUITY VC
Oct 2022
$26m
SERIES C
$171.3m
Total funding
This company has top investors
Leadership
Philippe Morel
(CEO, not founder)Was the CEO of SETL for four years. Previously Principal Investment Leader (EMEA) at Boston Consulting Group.
Jobs (3)
Data
Finance, Legal & Compliance