| Founded | 2016 |
|---|---|
| Closed | 2023 |
| Country | UK |
| Sector | Fintech |
| Total raised | ~$120M (multiple rounds, 2016–2022) |
| Collapse type | Zombie Startup |
| Founder | Nigel Verdon |
Railsr
"The banking-as-a-service platform that survived its own collapse through a distressed sale"
Technically alive but effectively dead, burning cash
Key Events Timeline
Railsr (formerly Railsbank) raised $120M to power embedded finance for fintechs.
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