The investment was led by US firm Anthos Capital with participation from Central Capital, Cohen and Company, Outrun Ventures and a number of existing investors.
The round follows Railsbank’s previous $37 million fundraise from November last year.
Railsbank CEO and co-founder Nigel Verdon says the company is looking to “transform the finance industry” with the use of APIs to bypass industry legacy infrastructure.
“Too much of the current global financial services system is made up of aging legacy technology and operational processes, making it unnecessarily complicated, highly expensive and nearly impossible for innovators to create the ‘Spotify’ of financial services.”
