Railsr, the embedded finance provider formerly known as Railsbank, is reportedly considering a sale of the business.
In Brief:
Railsr is reportedly working with FT partners on “a range of strategic options” according to Sky.
This follows its completion of a Series C round which left its valuation at around $250mn.
This is down from a near $1bn valuation at its Series B round.
What does this mean?
CEO Nigel Verdon has commented that the market conditions are currently driving consolidation and that Railsr is “evaluating potential partnerships” with Sky saying sources have said a sale is mor elikely than further capital raising.
