6 years ago

Railsbank Raises $10 Million to Expand Open Banking Platform Globally

  • Railsbank, an open banking and compliance platform co-founded by CEO Nigel Verdon, has raised $10 million in Series A funding led by Moneta Capital

  • The funding will be used to expand beyond Europe, including the U.S., Australia and South East Asia

  • Railsbank positions itself as a utility platform that allows other companies to build and sell various financial services or add fintech features to their products.

      • ProblemFinancial Services

      "Building a fully functional bank is expensive and takes a long time. Companies need a fast and cost-effective way to offer financial services without building everything from scratch."

      Solution

      "Railsbank provides a platform that lets companies quickly and easily build and offer financial products like bank accounts, debit cards, and payments, without the need to build their own complex infrastructure."

      Covered on