Nigel Verdon Railsbank

Railsbank

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Founders:  Nigel Verdon (CEO), Clive Mitchell (COO)

Founded: 2016

Total Funding: $14.4M

Latest Funding: $10m - Series A, September 2019

Keywords: Open-Banking, API platform

Who is it for: Banks, Fintechs

HQ:  London, UK

“Giving regulated and un-regulated companies access to global banking”

Having founded one FinTech giant, Currency Cloud (see The FinTech50 Hall of Fame), Nigel Verdon co-founded Railsbank in 2016 with Clive Mitchell - the two have been friends since they were 13 years old.

Railsbank is an open banking and compliance platform that provides fintech companies with a range of wholesale banking services, including IBANs, receiving money, sending money, converting money, direct debit, issuing cards, and managing credit through APIs.

Railsbank Video