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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’s pitch has always been clear: access to global banking in 5 lines of code - a unique open-banking and compliance platform that connects companies into the world of financial services as easily as using the Twitter API. Using Railsbank’s APIs as building blocks, customers can build pretty much any financial use-case they can imagine.

Having grown into a business successfully running over 50 card programmes, Railsbank fuelled its expansion in late August, 2020 by acquiring the the technology and assets of Wirecard UK. Railsbank also confirmed it had won the Asia-Pacific business of former Wirecard customer Wirex.

In July 2020, Railsbank launched operations in the US, won its first customer - Unifimoney - and appointed Dov Marmor as Chief Operating Officer (COO), North America. Railsbank will offer its complete platform, including Banking as a Service, Cards as a Service and the first-of-its-kind Credit Card as a Service (CCaaS) to fintech and “brand” customers in the US. The new product will encourage increased competition and innovation within the country’s $3.8 trillion credit card market in spending and over 40 billion transactions annually.