Embedded finance FinTech Railsr is back after entering administration, according to a report.
In brief:
-The company is set to raise $24m (£19.8m), Sky News reported yesterday.
-A report from Sky News states that investors D Squared Capital and Moneta Venture Capital are backing the company with cash, in the form of convertible loan notes.
-Six months on from being forced into insolvency, Railsr is raising fresh cash
What does this mean?
"With this substantial new investment secured in a much tougher fundraising environment, we are very well placed to grow sustainably," Railsr' new CEO Philippe Morel said.
