5 years ago

Railsbank Secures £28M to Fuel US Expansion and BaaS Innovation

  • Railsbank, a London-based Banking as a Service (BaaS) platform, has raised £28 million in funding to support its global expansion plans, particularly in the US

  • The company offers a range of wholesale banking services to fintechs and businesses, including IBANs, payments, card issuance, and credit management

  • Railsbank plans to use the investment to expand its US presence, enhance its core offerings, and launch a Credit Cards as a Service product.

      • ProblemTechnology Infrastructure

      "Many companies, especially fintechs, need access to banking services like IBANs, receiving money, sending money, converting money, direct debit, issuing cards, and managing credit, but traditional banks often lack the flexibility and speed to meet their needs."

      Solution

      "Railsbank provides a Banking-as-a-Service (BaaS) platform that offers these banking services through APIs, allowing companies to easily integrate them into their own products and services. This gives companies more control and flexibility over their financial operations."

      Covered on