Railsr, one of Europe’s largest embedded finance firms, and Equals Group, a UK-based payments solutions firm, are set to merge in a £283 million deal, with shareholders receiving 140 pence per share—135 pence in cash plus a 5 pence special dividend—representing a 37% premium on Equals’ October 2023 closing price. The merger, expected to close in Q2 2025, follows Railsr’s 2023 rescue from collapse and subsequent stabilization through £24 million in investor funding, leading to a renewed strategic push into embedded finance. The consortium behind the acquisition, including TowerBrook and JC Flowers Funds, aims to combine Railsr’s embedded banking platform with Equals’ FX and payments capabilities to form a stronger player in a fragmented market.

Railsr and Equals Group Set for £283M Merger