Railsr
Railsr is a London-based Banking-as-a-Service platform providing API infrastructure for embedded financial services—payments, card issuing, wallets, and lending—to fintechs, neobanks, and non-financial platforms. Following its merger with Equals Money, the combined entity operates across 30+ markets serving over 50,000 businesses.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Railsr does
Railsr, formerly known as Railsbank, is a London-based Banking-as-a-Service (BaaS) platform founded in 2016 that provides API infrastructure enabling businesses to embed financial services—including payments, card issuing, wallet management, lending, and banking features—into their own products. The company serves non-financial platforms and SaaS companies, neobanks and fintechs, and business clients needing B2B spend management, expense control, and international payments. Core products include the BaaS Platform, Embedded Finance Infrastructure, and (post-merger) prepaid expense cards and money movement tools, all unified as an API-first infrastructure layer rather than separate modular products.
The underlying technology is a regulated API platform with capabilities spanning payment processing, card issuing, and banking-as-a-platform services. Notable proprietary components include the BaaS platform enabling third-party financial service embedding and the embedded payments platform supporting cross-border operations. Following the formal merger with Equals Money (completed mid-2025), the combined entity operates under the Equals brand across 30+ markets, integrating Railsr's embedded finance capabilities with Equals Money's payment and expense management platform, and serves over 50,000 businesses globally.
Revenue is generated through a mix of subscription-based BaaS platform fees (monthly enterprise billing), transaction and processing fees from payment and card activity, and usage-based pricing for business expense management products. The go-to-market combines enterprise field sales targeting platforms seeking embedded finance, API-first distribution to fintechs and neobanks, and post-merger channel distribution through the Equals Money network. Pricing is quote-based for enterprise BaaS clients and pay-as-you-go for spend management products, reflecting a B2B infrastructure provider model.
Railsr firmographics
Firmographics- Name
- Railsr
- Legal name
- Equals Money
- Website
- https://railsr.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Railsr is a London-based Banking-as-a-Service platform providing API infrastructure for embedded financial services—payments, card issuing, wallets, and lending—to fintechs, neobanks, and non-financial platforms. Following its merger with Equals Money, the combined entity operates across 30+ markets serving over 50,000 businesses.
- Ownership category
- akta.pro rank
Railsr industry classification
Industry- Product category
- Embedded Finance / Banking-as-a-Service Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
Keywords
Where Railsr is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Railsr business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Banking-as-a-Service Platform Fees: Railsr provides BaaS infrastructure enabling businesses to embed financial services. Revenue is generated through platform/API access fees and transaction processing from embedded payment, card issuing, and banking services.
- Transaction and Processing Fees: Revenue from processing payments, card transactions, and other financial operations for embedded finance clients.
- API Infrastructure Services: Revenue from providing API-based infrastructure for fintech apps, neobanks, and embedded finance through regulated banking infrastructure.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Enterprise BaaS Platform |
| Usage-based | Pay-as-you-go | Business Expense Management |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Railsr product offering
Product offeringCore offering
Railsr provides a Banking-as-a-Service (BaaS) and embedded finance platform delivered through APIs, enabling businesses to embed payment processing, card issuing, wallet management, lending, and regulated banking features into their own products. The platform serves as a unified backend infrastructure layer for neobanks, fintech apps, and non-financial SaaS companies seeking to offer financial services without obtaining a banking license, supporting cross-border payments and multi-currency operations across more than 30 markets.
Product overview
Railsr is an embedded finance platform offering Banking-as-a-Service (BaaS) infrastructure. Formerly known as Railsbank, the company provides API-based financial services infrastructure enabling businesses to embed payments, card issuing, wallet management, and banking capabilities into their products. The platform operates as a unified infrastructure layer rather than separate modular products, serving as a backend provider for fintech applications, neobanks, and digital commerce platforms. Following the merger with Equals Money, the combined entity operates under the Equals brand across 30-plus markets, integrating expanded payments, banking, and embedded finance services.
Differentiator
Problem solved
Functional benefit
Products and services
- Banking-as-a-Service (BaaS) Platform Railsr's core Banking-as-a-Service platform that enables businesses to embed payment processing, card issuing, wallet management, and banking features through API infrastructure. Built for fintech apps, neobanks, and non-financial platforms that want to offer financial services without obtaining a banking license.
- Embedded Finance Infrastructure (APIs) Infrastructure layer powering fintech apps, neobanks, and embedded finance solutions by allowing non-financial platforms to integrate financial services such as payments, wallets, lending, and banking features via APIs.
- Prepaid Expense Cards Prepaid corporate expense cards enabling businesses to budget, monitor transactions, set limits, and manage employee spending. Issued in partnership with Cross River Bank, Member FDIC (US).
- Expense Management Platform Business expense management platform that lets companies separate balances by project, location, department, or person; add cards to Apple Pay or Google Pay; and monitor spend in real time.
- International Payments International payment service enabling businesses to move money across borders and currencies, supporting mobile wallet integration with Apple Pay and Google Wallet.
Quantifiable outcome
- Operates across 30+ markets following Equals Money and Railsr merger
- +1 more outcomes
Companies that use Railsr
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Railsr technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Railsr partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and flagship.
- BVNKcoreEquals Money, Railsr, and BVNK partnership enabling fast USDC stablecoin payments for global businesses, facilitating cryptocurrency transactions and cross-border payment efficiency.
- Equals MoneyflagshipFormal merger completed over a year ago with combined entity now operating under the Equals brand across 30+ markets. Railsr's embedded finance capabilities integrated with Equals Money's payment and expense management platform.
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
Railsr competitors and assessment
Company assessmentDirect peers
- Stripe: Stripe Treasury and Stripe Issuing deliver embedded payments, card issuing, and financial accounts via APIs at global scale — the most direct functional overlap with Railsr's BaaS platform and the reference competitor in industry rankings.
- Marqeta: Public card-issuing platform providing APIs for branded and embedded card programs; competes directly with Railsr's card-issuing infrastructure and is consistently listed alongside Railsr in BaaS rankings.
- Plaid: Plaid's account connectivity and embedded finance APIs compete for the same developer-driven BaaS buyer and are grouped with Railsr in embedded finance rankings.
- TrueLayer: UK-based BaaS/embedded finance infrastructure provider and the most direct UK-headquartered peer; named alongside Railsr as a core UK embedded finance infrastructure provider by ResearchAndMarkets.
- Weavr: UK BaaS/embedded finance platform for SaaS and enterprise customers; appears in the same ResearchAndMarkets UK core-infrastructure tier as Railsr and competes for the same European customer base.
- Form3: UK payments-as-a-service platform providing cloud-native payment infrastructure and account-to-account rails; co-listed with Railsr in ResearchAndMarkets' UK embedded finance core-infrastructure ranking.
- Solaris SE: Berlin-based Banking-as-a-Service platform with full German/European banking license offering embedded accounts, cards, lending, and payments APIs — a direct European competitor to Railsr's EU-expansion strategy.
Emerging players
- Unit: US-headquartered BaaS provider offering embedded accounts, cards, and lending via API — a developer-first competitor repeatedly cited alongside Railsr as a next-generation BaaS platform.
Broad incumbents
- Galileo Financial Technologies: SoFi-owned incumbent BaaS platform offering card issuing, accounts, and lending APIs at large scale; competes in the same developer-driven BaaS category but from a much larger resource base.
Regional players
- Treezor: France-based BaaS/EMI offering embedded payment accounts and card issuing under a European license; particularly relevant as Railsr's new French entity scales into continental Europe.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Railsr social profiles
Digital presenceRailsr financial estimates
Financial estimateRevenue estimate
Valuation estimate
Railsr leadership team
Management profileNumber of profiles
Profiles16 records
Railsr subsidiaries and ownership
Company hierarchySubsidiaries1 record
Railsr funding detail
Funding detailFunding overview
Funding rounds13 records
Investors23 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Railsr M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Railsr
What does Railsr do?
Railsr provides a Banking-as-a-Service (BaaS) and embedded finance platform delivered through APIs, enabling businesses to embed payment processing, card issuing, wallet management, lending, and regulated banking features into their own products. The platform serves as a unified backend infrastructure layer for neobanks, fintech apps, and non-financial SaaS companies seeking to offer financial services without obtaining a banking license, supporting cross-border payments and multi-currency operations across more than 30 markets.
Is Railsr a public or private company?
Railsr is a private company. It is classified as corporate owned and is currently operating.
When was Railsr founded?
Railsr was founded in 2016. It employs 101 to 250 people.
Where is Railsr based?
Railsr is headquartered in London, United Kingdom, in the Europe region.
How does Railsr make money?
Three revenue lines are on record. Banking-as-a-Service Platform Fees are the primary driver. The others are transaction and Processing Fees and API Infrastructure Services.
Who are Railsr's main competitors?
Direct peers on record are Stripe, Marqeta, Plaid, TrueLayer, Weavr, Form3 and Solaris SE. Unit is listed as an emerging player. Galileo Financial Technologies is listed as a broad incumbent. Treezor is listed as a regional player.
Does Railsr have an API?
Yes. Railsr provides a Banking-as-a-Service (BaaS) platform with API infrastructure enabling businesses to integrate financial services such as payments, wallets, lending, and banking features into their products. The platform offers payment processing, card issuing, and embedded finance capabilities through APIs.
What industry is Railsr in?
Railsr's product category is Embedded Finance / Banking-as-a-Service Infrastructure. Its primary akta.pro industry code is FSAGALAA, BaaS Platforms & Sponsor Bank Enablement, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 522320 and its SIC code is 6199.