Railsbank, an open banking and compliance platform, was founded by Nigel Verdon and Clive Mitchell in 2016. They offer an API based financial innovation and growth platform designed for developers and product managers to build their financial services business on.
Railsbank positions its open API as a utility on which financial companies can build and sell various financial services, features or products. They offer a complete financial services backend which includes platform, connectivity, operations, scheme memberships, regulation and compliance.
In September 2019, Railsbank raised $10 million for their Series A. Moneta Capital led the round with participation from CreditEase, Clocktower Technology Ventures Singapore Life and Firestartr. The rounds funding was committed towards expansion beyond Europe, with Railsbank looking at the U.S., Australia and South East Asia.
based open banking and RegTech technology services platform, today announced that they have entered into a partnership arrangement that will provide Railsbank the opportunity to offer a variety of API-powered, banking and payment processing services across the U.S.
Partner, CreditEase, Railsbank Board Member
Brad van Leeuwan
Marketing & Partnerships
Founder, Firestartr, Railsbank Board Member
Head of People
Chief of Staff
Chief of Staff (SE Asia)
Partnery, Moneta VC, Railsbank Board Member
Ren Yo Hooi
Chief Financial Officer
Walter de Oude
CEO SingLife, Railsbank Board Member
Documentaries, videos and podcasts
RailsBank Explainer Video
January 28 2019