Zūm Rails, a Montreal-based fintech startup, secured CAD $10.5 million in Series A led by Arthur Ventures to expand its payments platform in the US and bolster its banking-as-a-service (BaaS) offerings. Founded by veteran payments professionals from Flinks and Versapay, Zūm Rails seeks to integrate open banking with instant payments, providing a unified payment solution via a single API for digital payments, invoicing, fraud prevention, and customer data verification.
Profitable Payments Startup Zūm Rails Closes $10.5-Million Series A
