OverviewSuggest Edit

Railsbank is an open banking API and platform that gives regulated and un-regulated companies access to global banking with 5 lines of code. The platform provides companies with access to wholesale banking services. It enables users to create bank accounts, streamline technical integration with banks, and connect to payment schemes to receive and send money to/from these accounts.

TypePrivate
Founded2015
HQLondon, GB
Websiterailsbank.com

Latest Updates

Employees (est.) (Jun 2021)286(+7%)
Job Openings39
Revenue (FY, 2018)£266.3 K
Cybersecurity ratingBMore

Key People/Management at Railsbank

Nigel Verdon

Nigel Verdon

CEO & Co-Founder
Walter de Oude

Walter de Oude

Board Member
Anju Patwardhan

Anju Patwardhan

Board Member
Clive Mitchell

Clive Mitchell

Head of Growth
Pete Buckney

Pete Buckney

Chief Technology Officer
Chipper Boulas

Chipper Boulas

Board Member
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Railsbank Office Locations

Railsbank has offices in London, Newcastle upon Tyne, Santa Monica, Melbourne and in 6 other locations
London, GB (HQ)
Elm Yard Elm St Holborn
London, GB
3, Waterhouse Square 138-142 Holborn
Newcastle upon Tyne, GB
Broadacre House Market Street
Melbourne, AU
401 Collins St
München, DE
Dingolfinger Str. 15
Vilnius, LT
Altspace 6 Islandijos St
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Railsbank Financials and Metrics

Summary Metrics

Founding Date

2015

Railsbank total Funding

$51.4 m

Railsbank latest funding size

$37 m

Time since last funding

7 months ago

Railsbank investors

Railsbank's latest funding round in November 2020 was reported to be $37 m. In total, Railsbank has raised $51.4 m
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Railsbank Revenue

Railsbank's revenue was reported to be £266.28 k in FY, 2018
GBP

Revenue (FY, 2018)

266.3k

Gross profit (FY, 2018)

124.8k

Gross profit margin (FY, 2018), %

46.9%

Net income (FY, 2018)

(625.5k)

EBIT (FY, 2018)

(803.1k)

Cash (31-Mar-2018)

1.7m
GBPFY, 2018

Revenue

266.3k

Cost of goods sold

141.4k

Gross profit

124.8k

Gross profit Margin, %

47%
GBPFY, 2017FY, 2018

Cash

5.0k1.7m

Accounts Receivable

143.2k

Current Assets

8.9k2.1m
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Railsbank Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Railsbank Online and Social Media Presence

Embed Graph

Railsbank News and Updates

RationalFX taps Railsbank for ledger and payment services

Railsbank, the leading global Banking-as-a-Service platform, has announced a collaboration with RationalFX, a major UK payments and foreign exchange provider, as the latter strengthens its product offering in Europe.

Railsbank and Plaid form embedded finance partnership

Banking-as-a-service platform Railsbank is to provide customers with embedded access to Open Banking services for account-to-account payments from Plaid.

Yimba and Railsbank forge digital wallet partnership

Yimba a FAST (Fintech As a Service Technology) company, and Railsbank, the leading global Banking-as-a-Service (BaaS) platform, are joining forces to provide customers with products and services that will enhance their digital wallet experience with the likes of Apple Pay, Samsung Pay and Google Pay…

Railsbank and Paceline collaborate on health and wellness credit card

Railsbank, a leading global Banking-as-a-Service (BaaS) and Credit Card-as-a-Service (CCaaS) platform, and Paceline, a retail health and wellness platform, are collaborating on the first-ever health and wellness credit card.

Fintech firm Railsbank launches in Australia via tie-up with neobank Volt

Later this year, Railsbank plans to deepen its footprint in Japan, the Philippines, Thailand, and Vietnam.

Railsbank launches in Australia through collaboration with Volt

Embedded finance platform Railsbank has launched in Australia via a partnership with digital challenger bank Volt.
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Railsbank Blogs

Railsbank raises USD37 million growth funding co-led by MiddleGame Ventures and Ventura Capital

Press Release Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr are also participating. The new investment will enable Railsbank to continue its lead in embedded finance through the launch of Credit Cards as a Service in the USA, continued expansi…

Hong Kong start-ups raise US$500m

Hong Kong Fintech Week 2020 got off to a confident start with a welcome speech from Financial Secretary Paul Chan who pointed out that in the first seven months of 2020, more than 20 Hong Kong-based start-ups raised nearly US$500m in venture funding.The backdrop is Hong Kong’s ranking by the 2020 FM…

Railsbank listed as top SaaS company

Railsbank has been named on the 2020 Accel Euroscape list which contains the top 100 European and Israeli cloud companies at SaaStock EMEA Online.To put together the list, which was unveiled recently at SaaStockEMEA, more than 1,500 European and Israeli private SaaS companies across 20 countries wer…

SAP.iO Foundry fires up

The SAP.iO Foundry Singapore Fall 2020 acceleration programme, of which Railsbank is a central part, has kicked off. SAP.iO is part of SAP, a market leader in enterprise application software. It’s Foundry Singapore Fall 2020 acceleration programme programme focuses on COVID-19 recovery, fintech and …

Railsbank VP makes ‘Rising Women in Crypto’ list

Our own Louisa Murray has made the official longlist of ‘Rising Women in Crypto.’Organised by fintech Wirex, in partnership with The Fintech Times, the nominations closed last week, having received an incredible 367 entries.The top ten are set to be revealed early next month.Louisa is a VP at Railsb…

Railsbank signs landmark agreement with Wirecard

Nigel Verdon: “This is a huge step forward for everyone...Our goal is to provide a safe haven and to deliver an uninterrupted service for the programme managers and the cardholders. We have already successfully migrated a number of clients and have everything in place for a phased and controlled mig…
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Railsbank Frequently Asked Questions

  • When was Railsbank founded?

    Railsbank was founded in 2015.

  • Who are Railsbank key executives?

    Railsbank's key executives are Nigel Verdon, Walter de Oude and Anju Patwardhan.

  • How many employees does Railsbank have?

    Railsbank has 286 employees.

  • What is Railsbank revenue?

    Latest Railsbank annual revenue is £266.3 k.

  • What is Railsbank revenue per employee?

    Latest Railsbank revenue per employee is £931.

  • Who are Railsbank competitors?

    Competitors of Railsbank include KreditBee, IndiaLends and Cicil.

  • Where is Railsbank headquarters?

    Railsbank headquarters is located at Elm Yard Elm St Holborn, London.

  • Where are Railsbank offices?

    Railsbank has offices in London, Newcastle upon Tyne, Santa Monica, Melbourne and in 6 other locations.

  • How many offices does Railsbank have?

    Railsbank has 12 offices.