- Railsr, a UK-based fintech, secures $24 million in fresh funding.
- Existing investors, including D Squared Capital and Moneta Venture Capital, contribute to the funding.
- Railsr has made positive progress in addressing regulatory concerns in the UK.
- The company aims for complete remediation by early 2024.
- Embedded Finance established an entity in France after not acquiring Railsbank’s PayrNet in Lithuania.
- Railsr initiates the application process for an EMI license in France.
- Plans to passport the license across Europe, directly or through a network of partners.
- Philippe Morel, CEO of Railsr, highlights the funding’s importance for sustainable growth in a challenging sector.
