BankingBusinessFinTech

UK fintech Railsr gets back on track with $24m funding

  • 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.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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