Open banking and compliance platform Railsbank has raised funds from Visa and Global Brain.
In Brief:
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It’s an undisclosed strategic investment, said to be in the millions.
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This follows the company’s $10mn Series A round in 2019.
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A fiveyear strategic partnership has been signed with Visa and Railsbank will become a principal issuing member.
What does this mean?
The agreement with Visa means Railsbank can access the payments giant’s partner network. It’s also joined the Visa Fintech Fast Track Programme.
