Railsr, a British fintech company advancing embedded finance experiences for consumer engagement, rewards, data, and revenue, through digital wallets and virtual credit cards, has secured £19.8 million ($24 million) in funding. The funding, partly in the form of convertible loans, comes just seven months after the company underwent a pre-pack administration to facilitate its survival. However, given that the new capital comes from existing investors D Squared Capital and Moneta Venture Capital, the inflow reflects continued confidence in Railsr’s growth potential and strategy.

British Fintech Railsr Sets Sights on Growth After £20m Funding Boost