Digital banking provider Railsbank is looking to raise $100mn, says Sky News.
In Brief:
It plans to raise $100mn, partially from FinTech investment bank FT Partners.
Reportedly, this would make Railsbank a unicorn.
It has also got some new assets from the Wirecard collapse.
What does this mean?
Railbsnk is becoming a popular provider of banking services especially since the demise of Wirecard. It’s not entering into the buy now, pay later arena and enabling non-financial businesses to embed financial services.
