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Rail Europe

Can Rail Europe modernize its payments and digital infrastructure to capture the global surge in European rail demand as the world's largest train-ticket distribution platform?

Founded1930
HQParis, France
Latest roundBuyout/LBO
IndustryMarketplace / Travel
The story

Rail Europe traces its roots to 1930s North America as the international distribution arm for SNCF, SBB, and Deutsche Reichsbahn. Over 90 years it evolved from a traditional travel agency network into a digital-first online booking platform, now headquartered in Paris. The UK brand (formerly Loco2, rebranded 2019) operates separately under Oui.sncf parentage. The company's embedded finance evolution is focused on modernizing payment infrastructure to support surging post-pandemic rail demand across both B2C and B2B channels, with Checkout.com selected as the anchor PSP to improve acceptance, reduce fraud, and handle multi-currency European transactions at scale.

Last 12 months
2025-09
Product timeline
1930
Rail Europe founded to make European train travel accessible to international travelers, originating as a North American distribution arm for European rail operators including SNCF, SBB, and Deutsche Reichsbahn.· pivot
2006
Loco2 founded in London by Jamie and Kate Andrews as an online booking service for UK and European train travel.· pivot
2019
Loco2 rebranded as Rail Europe (raileurope.co.uk), becoming the UK online booking brand under parent Oui.sncf.· pivot
2025
Rail Europe partnered with Checkout.com as its primary payments provider, achieving an 8% uplift in acceptance rates, 2.4 basis points lower chargeback rate, and 0.13 basis points fraud rate reduction across B2C and B2B platforms.· banking
The stack
1 layer disclosed in Rail Europe’s embedded-finance stack
Payments / PSP
Checkout.com
Accounting gap: none