London-based Railsbank is a fintech company with an open banking API and platform that gives regulated and unregulated companies access to global banking. In a recent development, the company announced that it raised $70M (approx €59.35M) in a fresh round of funding.
The investment was led by investment firm Anthos Capital. In addition, the round also saw participation from a range of investors, including Central Capital (VC arm of Indonesia’s largest privately held bank), Cohen and Company (the founder of Bancorp), and Chris Adelsbach’s new fund Outrun Ventures. Besides, existing investors also participated in the latest round.