Report: Fintech platform Railsbank rakes in $70m in latest round

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)