- Briefing Your roundup of Asian tech and startup news that matter
Roehl Niño Bautista · · 1 min readReport: Fintech platform Railsbank rakes in $70m in latest round
“Railsbank, a London, UK-based embedded finance platform provider, raised US$70 million in its latest funding round,” reported FinSMEs.
Details:
- US-based Anthos Capital led the funding round, which also saw investments from Central Capital, Cohen & Company, Outrun Ventures, and Railsbank’s existing investors.
- The UK-based finance platform will use the fresh funds to expand the reach of its embedded finance products in Europe, North America, and the Asia Pacific.
Dive deeper:
- Railsbank launched in Australia this March as part of its Asia-Pacific expansion drive. The fintech firm plans to add Japan, Thailand, the Philippines, and Vietnam to the list of countries it serves.
- With its expansion plans, Railsbank is set to enter Asia’s thriving fintech scene, where players like Grab Financial, Thunes, and PhonePe operate in. (Read: Meet the 100 top-funded fintech companies in Asia)
Editing by Miguel Cordon and Arpit Nayak
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
