Embedded finance platform Railsr’s latest funding round is led by Anthos Capital, which also led its final funding round in 2021.
Image Source: Nigel Verdon, CEO of Railsbank
Embedded finance fintech Railsr has closed a $46 million Series C funding round.
The round was split between $26 million in equity and $20 million in debt, with no valuation from the company founded by Clive Mitchell. In 2016 he became CEO Nigel Verdon, formerly known as Railsbank.
in an email message to AltFi Verdon said it will help the company achieve profitability.
“This is a significant price increase in a difficult market,” he said.
“That environment means we are focused on all things that make a really good business: focus on our core product and deliver value to our customers. I am really happy about it,” he added.
The equity portion of ournd is led by Anthos Capital, which led Railsr Series B in July 2021, and includes other existing investors across Europe, North America and Asia, including Ventura, Outrun Ventures, CreditEase and Moneta. increase. The debt portion of the round was with the company’s new investor, Mars Capital.
Railsr, which raised $70 million last year, is pursuing a business strategy that prioritizes a portfolio of over 300 non-financial customers looking to integrate financial services into their businesses, including HelloCash, Sodexo and Payine.
Verdon believes the market is accelerating towards embedded finance as demand for the embedded finance experience grows, especially among younger age groups.
“We set out to challenge old finance, and this is what we will continue to do. It comes from the way we relentlessly run and continue our journey,” Verdon said in the press release announcing the round.
“While we have to take into account the difficult macroeconomic and geopolitical context we are facing today, it is still a good time to become a fintech company growing the new embedded financial microeconomy,” he said. Added.