Saturday, October 19, 2024
19.6 C
New York

Railsr: Closes Series C Round Raising $46M

Railsr Closes Series C Round Raising $46M

  • Railsr, a London, UK based provider of an embedded finance platform, raised $46M, constituted $26m of equity and $20m of debt, in Series C funding
  • The equity portion was led by Anthos Capital, with participation from Ventura, Outrun Ventures, CreditEase and Moneta
  • The debt portion of the round was led by Mars Capital
  • The company intends to use the funds to accelerate growth, expand operations and its business reach
  • The platform provides financial products and solutions, including banking and wallets, cards, credit and rewards
  • The company has built a portfolio of more than 300 customers including HelloCash, Sodexo and Payine

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...
Exit mobile version