Railsbank secures $37m growth funding co-led by MiddleGame Ventures and Ventura Capital to drive global expansion
The funding round was co-led by MiddleGame Ventures and Ventura Capital to support international growth and product expansion.
Railsbank operates a global embedded finance platform providing banking, cards and credit as a service products. The business connects directly into the financial system to help brands build custom financial services.
Railsbank has secured $37m in growth funding to accelerate its international expansion and product development. The investment was co-led by MiddleGame Ventures and Ventura Capital, with backing from a range of other firms including Anthos Capital and Global Brains. The capital will be deployed to launch Credit Cards as a Service in the United States, scale operations across Southeast Asia, and consolidate its market position in the United Kingdom and Europe.
From the founder
"We are thrilled to have the support of world-class investors who bring a highly strategic network to help us continue with the vision (with zero pivots) that Clive [my co-founder] and I started with in 2016."
Nigel Verdon
CEO and co-founder at Railsbank
Investor perspective
"Ventura Capital is delighted to be the largest investor in this investment round, a commitment made on the strength of Railsbank’s clear technology leadership in the space, and Nigel and the executive team’s deep experience of the traditional global financial system. We expect Railsbank to be the category winner in Banking as a Service due to their beautifully scalable global business model and the winning client interviews we have initiated. We are absolutely excited to embark on the next phase of Railsbank’s growth and will remain a supportive shareholder for future capitalisation opportunities."
Mo El Husseiny
Founder and Managing Partner, Ventura Capital
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
MiddleGame Ventures
Mo El Husseiny
Ventura Capital
Emily White
Anthos Capital
Global Brains
Clocktower Technology Ventures
Moneta
Mitsui Fudosan
Firestartr
