London based open banking API and infrastructure has raised $10m Series A capital led by Moneta Capital, with participation from CreditEase, ClockTower, and Singapore Life
Railsbank, the open banking and compliance platform co-founded by CEO Nigel Verdon, who previously founded Currencycloud, has raised $10 million in Series A funding. The new injection of capital will be used to further expand beyond Europe, including the U.S., Australia and South East Asia. The latter includes a new office in Singapore, where a small team has already been assembled. Backing Railsbank’s Series A is Moneta Capital, which led the round, alongside CreditEase, Clocktower Technology Ventures and Singapore Life. A number of existing investors also participated, including Firestartr.