Railsr: Agrees rescue sale to investors
- Railsr has been saved from collapse after agreeing a sale to a consortium of investors led by D Square Capital
- D Square Capital has been joined by Moneta VC and Ventura Capital for the purchase and re-capitalization
- The change of control has been agreed upon with the Financial Conduct Authority
- The firm will remain headquartered in the City of London
- The deal includes an embedded finance platform and BaaS business, as well as a number of subsidiaries
- It has been looking for a buyer for several months as it faced up to the economic downturn
