Railsbank
ProviderEmbedded-finance supplier tracked in the Embedded Finance Index — no company has publicly disclosed it yet. Filed under Infrastructure / BaaS.
Buyersnone disclosed yet
HeadquartersLondon, United Kingdom
Founded2016
FoundersNigel Verdon, Clive Mitchell
Raisedunknown
Supplier profile · from Railsbank’s own dossier
Founded 2016 by Currencycloud founder Nigel Verdon as Railsbank, an open-banking and compliance API. Pivoted into full Banking-as-a-Service and Cards-as-a-Service, rebranding to Railsr in 2022 as the embedded finance category matured. After the 2022 BaaS downturn the company entered administration and was acquired by D Squared Capital in 2023. Currently restricted by the FCA from onboarding new agents/distributors without prior written consent, signaling ongoing regulatory remediation.
Founders: Nigel Verdon, Clive Mitchell
Latest round: Series C, 2022 ($46M; $26M equity + $20M debt)
In the press
embeddedfinancereview.com ↗Coverage of Railsbank sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
Who uses Railsbank
No disclosed buyers yet — no dossier in the Index names Railsbank in its stack so far
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Railsbank? This profile opens for claiming as soon as the first company discloses Railsbank in its stack — or send us a public customer page and we will add the disclosure.