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Embedded financial platform Railsr has raised $46 million in Series C funding round.
Railsr CEO and co-founder Nigel Verdon
The equity portion of the funding was led by Anthos Capital, with participation from existing investors Ventura, Outrun Ventures, CreditEase and Moneta. The debt facility was provided by Mars Capital, a new Railsr investor.
Founded in 2016, Railsr provides businesses with embedded financial services such as banking products, wallets, cards, credit and rewards. It claims to work with over 300 customers in the financial and retail industries.
Railsr CEO and co-founder Nigel Verdon said the funding was “an important step on the road to profitability.”
The market is accelerating towards embedded finance. There is a growing demand for embedded financial experiences, especially among younger demographics, adds Verdon.
Railsr recently partnered with fintech startup Maslife to offer embedded financial services. In August, it appointed former Mastercard chairman Rick Haythornthwaite as its first chairman.
