Railsr, a London-based open-API banking and compliance platform that gives regulated and unregulated companies access to global banking, has secured $24 million in funding from existing investors just seven months after facing an insolvency crisis. Railsr provides embedded financial solutions like banking, lending, credit cards, and digital wallets. The funding is seen as a step toward more measured growth, with a focus on sustainability amid a challenging regulatory and funding environment.

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