RailsBank

Founded
2016
Employees
1-10
Stage
Seed
Total Raised
$1.2M

At Railsbank, we have set out on a journey to enable the future of finance through freeing the finance industry of the shackles of legacy technology / process and at the same time enhancing regulatory compliance.

Railsbank is an open banking API and platform that gives regulated and un-regulated companies access to global banking with 5 lines of code.

Through our API, customers can access a complete range of wholesale banking services using «Product Rails» on the Railsbank platform - Global Ledgers (mapped to real bank accounts); issue unique IBANs for end users; receive money; send money; convert money (FX); collect money (direct debit, acquiring); issue/manage cards; access blockchain; manage credit (lending); and eventually insurance products too.

Railsbank achieves the above through our platform being directly connected to a global banking network and being an aggregator to payment schemes (e.g. SEPA). Banks connected to Railsbank benefit through being protected with our unique Compliance Firewall technology and able to revenue new customers 80% faster.

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