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Company profile

Founding year

2016

Funding round

Series A

Raising funds

No

Country

United Kingdom

Employee number

60

Pitchdeck

Problem they are solving

To launch a fintech business, companies need to integrate with numerous different partners for payments, accounts, card transaction processing, card production, compliance and more. This costs hundreds of thousands and takes at least 6-9 months.

Once a fintech does all those integrations, it needs to do them ALL OVER AGAIN to launch in a second market.

Solution to the problem

Railsbank is an API based financial innovation and growth platform, designed for developers and product managers to rapidly conceptualise, prototype, build, launch and scale a financial services business, whether it be in one country, or around the world.

With one integration and five lines of code, a company can be live for any use case it can imagine in 30+ countries around the world.

Market traction

60+ fintech companies, legacy financial services businesses and brand use Railsbank to power their financial products.

Success story

Wagestream is a customer. We power ALL their payments and their app works on our APIs. See https://techcrunch.com/2019/05/20/wagestream-closes-51m-series-a-to-plug-the-payday-gap-without-putting-workers-in-debt/

Expansion plans

We are live across the EEA already. We have recently launched a APAC HQ in Singapore, will be launching in Singapore with our first customer in the next 3 weeks. We already have partners in place to launch in Australia and will be launching across APAC in the coming year.

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