Railsbank raises $70M to build out its fintech-as-a-service platform
Railsbank, which builds APIs for banking, payment cards and credit products for use by fintechs but also a wide range of other kinds of businesses, has raised $70 million in new equity funding, money that the London startup plans to use to continue growing internationally and to add more features to its product set.
Railsbank not disclosing its valuation, but Verdon hints that it is in the high hundreds of millions and close to $1 billion.
