Embedded finance company Railsr (formerly Railsbank) has announced the conclusion of a $46 million Series C funding round.
The London-based company is focused on making financial products and services digital and embeddable.
The latest funding round is reportedly comprised of $26 million of equity and $20 million of debt, with existing shareholder Anthos Capital leading the equity portion and Mars Capital, a new investor, providing the debt.
“We set out to challenge old finance and this is what we will continue to do,” said Nigel Verdon, chief executive and co-founder of Railsr. “Whilst we must take into account the challenging macroeconomic and geopolitical backdrop we operate against today, it remains a good time to be a FinTech business growing new embedded finance micro-economies.”
Earlier this year, the platform launched a new white label Buy Now Pay Later (BNPL) credit service for retailers.
The solution enables retail companies to develop their own branded BNPL option that is customisable.
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