Success! You're on the list.

Success! You're on the list.

As embedded finance trends, UK-based Railsr bags $46M funding

The market is accelerating towards embedded finance. We are seeing a growing demand for embedded finance experiences, particularly amongst younger age groups. Despite macroeconomic trends, and the geopolitical circumstances, the embedded finance market in the US is expected to exceed $7 trillion by 2026. Amidst this growth, UK’s first embedded finance network mmob raised £5 million.

$46M Series C round

Now, Railsr (formerly Railsbank) has closed its Series C funding round by raising $46 million. The fundraise comprises $26 million of equity and $20 million of debt.

The equity portion was led by Anthos Capital (that backed ConsenSys) who led the Railsr’s Series B rouns in July 2021. It also saw participation from existing investors spanning Europe, North America and Asia: Ventura, Outrun Ventures, CreditEase and Moneta. The debt portion of the round was with Mars Capital, a new investor in the company.

Railsr CEO and co-founder Nigel Verdon said: “I am absolutely delighted that less than four months after Railsbank evolved to become Railsr, we have achieved another milestone and closed our Series C, a significant step on our route to profitability.”

Meirav Harnoy, Co-Founder and Managing Partner, Moneta VC, said: “It has been a pleasure to see Railsr go from strength-to-strength as a challenger to old finance and a creator of the embedded finance economy. Railsr’s customers, technology and people have impressed me since I led the Series A investment round. I’m excited to see what comes next.”

Embedded finance experiences platform

Railsr) is founded by serial entrepreneurs – Nigel Verdon and Clive Mitchell. It is a world-leading embedded finance experiences platform. It helps brands put the customer experience at the heart of their business by using finance as a strategic engagement tool to deepen relationships, create increased brand relevance and generate revenue.

The Railsr platform provides financial products and solutions, including banking and wallets, cards, credit and rewards.

Railsr’s business strategy continues to prioritise its portfolio of more than 300 customers disrupting financial and retail industries, invest new experiences powered by technology, and empower teams to boost customer loyalty.

Recent customer wins of Railsr include HelloCash, Sodexo and Payine. Mike Galvin, Co-Founder and Chief Commercial Officer of Railsr partner Toqio said: “Toqio has built a strong collaborative partnership with Railsr delivering financial services to our joint customers at scale and pace. The Railsr partnership has allowed Toqio to deliver cost effective financial services solutions to the market and has been one of the key enablers of our growth. We look forward to our continued collaboration.”

Related Posts

Get daily funding news briefings in the tech world delivered right to your inbox.

Enter Your Email
join our newsletter. thank you