Embedded finance platform Railsr has landed $46 million in a Series C funding round, consisting of $26 million in equity and $20 million in debt.
Railsr CEO and co-founder Nigel Verdon
The equity part of the fundraise was led by Anthos Capital and featured participation from existing investors Ventura, Outrun Ventures, CreditEase and Moneta. The debt facility has been provided by Mars Capital, a new investor in Railsr.
Founded in 2016, Railsr provides embedded finance services to businesses, including banking products, wallets, cards, credit and rewards. It claims to work with more than 300 customers from the financial and retail industries.
Railsr CEO and co-founder Nigel Verdon says the funding is a “significant step on our route to profitability”.
“The market is accelerating towards embedded finance. We are seeing a growing demand for embedded finance experiences, particularly amongst younger age groups,” Verdon adds.
Railsr recently teamed up with fintech start-up Maslife to provide embedded finance services. In August, it also appointed former chairman of Mastercard, Rick Haythornthwaite, as its first chairman.
