Railsbank Raises USD$70M in Funding

16 Jul, 2021

Railsbank Raises USD$70M in Funding
Photo by ian dooley on Unsplash

– Railsbank, a London, UK-based embedded finance platform provider, raised USD$70m in its latest funding round.
– The round was led by Anthos Capital with participation from Central Capital (VC arm of Indonesia’s largest privately held bank), Cohen and Company (the founder of Bancorp), and Chris Adelsbach’s new fund Outrun Ventures.
– The company will use the funds to further expand its various Embedded Finance products (Banking as a Service, Cards as a Service, and Credit as a Service) across Europe, Asia Pacific and North America.

Banking Developer APIs Finance Financial Services FinTech Payments Software Western Europe
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