The open banking firm finalised the first stage of its Series A back in September 2019, securing $10 million it plans to use in an ongoing expansion into Southeast Asia and the US.
A value has not been placed on the new investment, though Visa has agreed a new five-year deal with the regtech firm to provide its platform in Singapore, Vietnam, Thailand and the Philippines.
Railsbank has joined the payment giant’s Fintech Fast Track Programme and become a Visa principal issuing member.
