London-based embedded finance platform Railsr, previously often known as Railsbank, has closed a US$46 million Sequence C led by Anthos Capital.
The spherical comprised US$26 million fairness, in addition to US$20 million debt from Mars Capital. Present traders Ventura, Outrun Ventures, CreditEase and Moneta participated within the fairness spherical.
Railsr claims to have over 300 prospects together with HelloCash, Sodexo and Payine. It just lately appointed Rick Haythornthwaite as its inaugural chairman of the board and Will Carling OBE as an advisor.
The corporate’s milestones for the yr up to now embody the launch of its rewards options and SEPA Immediate implementation, with plans to launch a brand new insights answer later within the yr.
Nigel Verdon
“I’m completely delighted that lower than 4 months after Railsbank developed to develop into Railsr, we’ve got achieved one other milestone and closed our Sequence C, a big step on our path to profitability,”
mentioned Nigel Verdon, CEO and Co-Founder, Railsr.
Mike Galvin
“The Railsr partnership has allowed Toqio to ship price efficient monetary companies options to the market and has been one of many key enablers of our development,”
mentioned Mike Galvin, Co-Founder and Chief Business Officer of Railsr companion Toqio.
