Tagged: railsbank

December 7, 2020 @ 11:39 am By JD Alois  |  

Railsbank, a Banking-as-a-Service (BaaS) platform, has announced the launch of two new products, the Houston platform and OpenRailz API. Houston is Railsbank’s new User Interface layer on top of the Railsbank open finance Operating System (ROS). The no-code platform is expected to transform the building,… Read More

December 3, 2020 @ 9:36 am By JD Alois  |  

Pockit, a digital banking app designed to cater to the underbanked masses, has announced a new partnership with Railsbank while simultaneously announcing a £15 million Series B funding paired with an offering on Crowdcube. The Crowdcube securities offer is for £500,000 Future Fund convertible note… Read More

November 12, 2020 @ 9:21 pm By Samantha Hurst  |  

  Open banking platform Railsbank announced on Thursday it secured $37 million as part of continued equity funding to support its global growth and product expansion. According to Railsbank, MiddleGame Ventures and Ventura Capital co-led the round, with Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan,… Read More

August 26, 2020 @ 8:01 am By JD Alois  |  

Wirex, a UK-based Fintech, has announced a partnership with Railsbank to provide Wirex cards in the APAC region. The move is emblematic of the rapid shift away from Wirecard (WDI:DE) a German Fintech now in bankruptcy proceedings. Wirex also facilitates cryptocurrency payments. Railsbank is a… Read More

July 15, 2020 @ 9:52 am By Samantha Hurst  |  

Open banking platform Railsbank recently announced it has formed a partnership with Portugal-based The Fintech House. According to Railsbank, The Fintech House started in 2019 and is an initiative of Portugal Fintech. “[The Fintech House] was a natural step to keep developing this ecosystem after… Read More

July 13, 2020 @ 8:34 am By JD Alois  |  

The Wirecard AG (WDI:DE) scandal has rocked the Fintech world as the once high flying firm that was a member of the DAX filed for bankruptcy following the revelation of a €1.9 billion in missing funds. Regulators, elected officials as well as Fintech industry insiders have… Read More

July 9, 2020 @ 8:05 am By JD Alois  |  

Railsbank, a UK based Fintech and open banking service provider, has crossed the Atlantic to open up operations in the US with the acquisition of its first customer – Unifimoney, according to a release. Simultaneously, to support the North American expansion, Railsbank has hired Dov… Read More

June 29, 2020 @ 9:50 pm By Omar Faridi  |  

UK-based Railsbank, an Open Banking and Regtech solution provider, revealed on June 29, 2020, that it has gained Hong Kong Fintech Statrys as a new client. Statrys offers digital business accounts, advanced payment options, and forex solutions for SMEs based in Asia. It provides convenient… Read More

April 9, 2020 @ 8:28 am By Omar Faridi  |  

UK-based Railsbank, an open banking and Regtech solution provider, has secured additional funding with contributions from Visa and Global Brain, a Japanese venture capital firm. In September 2019, Railsbank had acquired $10 million in capital as part of its Series A round. The amount of… Read More

November 9, 2019 @ 5:05 pm By Omar Faridi  |  

Singapore has been ranked number one in Asia and eighth worldwide when it comes to innovation and embracing the latest technologies. Singapore is also recognized as one of the world leaders in key sectors including Fintech,  engineering, manufacturing, healthcare, biomedical sciences, urban solutions and sustainability,… Read More

September 4, 2019 @ 4:01 pm By Samantha Hurst  |  

Railsbank, a UK-based banking group, announced on Wednesday it raised $10 million through its Series A funding round, which was led by Moneta Capital with participation from CreditEase, Clocktower Technology Ventures, Singapore Life, and Firestartr. Founded in 2015, Railsbank describes itself as an open banking… Read More

January 29, 2019 @ 12:59 pm By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Tuesday it has formed a new partnership with Railsbank Technology Limited, a UK-based open banking and RegTech technology services platform, to provide Railsbank a variety of API-powered, banking and… Read More

March 22, 2018 @ 8:36 am By JD Alois  |  

Mosaic Smart Data, a London based Fintech that helps financial institutions in adapting to regulatory change, has won the inaugural InvestHK UK Fintech Awards.  The recognition was revealed by InvestHK  along with the UK Department for International Trade. The competition received 30 submissions from UK based… Read More

August 9, 2017 @ 3:07 pm By Samantha Hurst  |  

Railsbank, a fintech startup that was co-founded by Currencycloud co-founder Nigel Verdon, has secured $1.2 million during its latest funding round, which was led by seed investment firm Firestartr, with participation from Kima Ventures and industry angels Peter Jackson (CEO WorldPay UK), Tim Levene (Betfair, Augmentum… Read More