Railsr

Embedded Finance / Banking-as-a-Service Infrastructurerailsr.com

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

Embedded finance platform
Banking-as-a-service
Payment processing APIs
Card issuing infrastructure
Financial services APIs

Where Railsr is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Railsr technology and API

Technology

Technology 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 signal

Partnerships

Two partnerships are on record, tiered core and flagship.

BVNKcoreTechnology or Integration · 1 October 2025Equals Money, Railsr, and BVNK partnership enabling fast USDC stablecoin payments for global businesses, facilitating cryptocurrency transactions and cross-border payment efficiency.
Equals MoneyflagshipStrategic or Co-development Partner · 1 January 2025Formal 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 assessment

Direct 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 financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Railsr leadership team

Management profile

Number of profiles

Profiles16 records

Railsr subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Railsr funding detail

Funding detail

Funding 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 investment

M&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?

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.