5. Railsbank $37.0M
Round: Venture
Description: Railsbank is an open banking API and platform that gives regulated and un-regulated companies access to global banking. Founded by Clive Mitchell and Nigel Verdon in 2016, Railsbank has now raised a total of $51.2M in total equity funding and is backed by investors that include Visa, Singlife, Global Brain Corporation, Kima Ventures, and Anthos Capital.
Investors in the round: Anthos Capital, Clocktower Technology Ventures, Firestartr, Global Brain Corporation, Middlegame Ventures, Mitsui Fudosan, Moneta VC, Ventura Capital
Industry: Banking, Developer APIs, Finance, Financial Services, FinTech, Payments, Software
Founders: Clive Mitchell, Nigel Verdon
Founding year: 2016
Total equity funding raised: $51.2M
London TechWatch’s exclusive coverage of this round: Railsbank Raises $37M for its Banking-as-a-Service Platform That Sets to Define the Future Innovation in Finance
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