Rail (Financial Software) Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 17

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $200M

Rail (Financial Software) General Information

Description

Developer of Payments-as-a-Service platform designed to offer currency banking and other related products to its users. The company's platform is secure and crypto-regulated and provides various financial services like a book of record, qualified custody, fraud controls software, and lending services, allowing financial institutions to provide digital native products to customers with advanced and secured features.

Contact Information

Website
www.rail.io
Formerly Known As
Layer2 Financial
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 100 King Street West
  • Suite 5600
  • Toronto, Ontario L6M 2G7
  • Canada
+1 (416)
Primary Industry
Financial Software
Other Industries
Other Financial Services
Parent Company
Ripple
Vertical(s)
SaaS, Cryptocurrency/Blockchain, FinTech
Corporate Office
  • 100 King Street West
  • Suite 5600
  • Toronto, Ontario L6M 2G7
  • Canada
+1 (416)

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Rail (Financial Software) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Merger/Acquisition 12-Nov-2025 $200M Completed Generating Revenue
3. Early Stage VC (Series A) 12-Apr-2024 Completed Generating Revenue
2. Early Stage VC 01-Sep-2022 Completed Generating Revenue
1. Early Stage VC 01-Jan-2022 Completed Generating Revenue
To view Rail (Financial Software)’s complete valuation and funding history, request access »

Rail (Financial Software) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of Payments-as-a-Service platform designed to offer currency banking and other related products to its users.
Financial Software
Toronto, Canada
17 As of 2024

Barcelona, Spain
 

New York, NY
 
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Rail (Financial Software) Competitors (59)

One of Rail (Financial Software)’s 59 competitors is Unnax, a Private Equity-Backed company based in Barcelona, Spain.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Unnax Private Equity-Backed Barcelona, Spain
Unit (New York) Venture Capital-Backed New York, NY
Innoviti Venture Capital-Backed Bangalore, India
TrueLayer Venture Capital-Backed London, United Kingdom
BankiFi Venture Capital-Backed Manchester, United Kingdom
You’re viewing 5 of 59 competitors. Get the full list »

Rail (Financial Software) Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Rail (Financial Software) Former Investors (13)

Investor Name Investor Type Holding Investor Since Participating Rounds
Accomplice VC Venture Capital Minority
Andover Ventures Venture Capital Minority
Anti Fund Venture Capital Minority
Awesome People Ventures Venture Capital Minority
Earl Grey Capital Venture Capital Minority
You’re viewing 5 of 13 investors. Get the full list »

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Rail (Financial Software) FAQs

  • When was Rail (Financial Software) founded?

    Rail (Financial Software) was founded in 2021.

  • Where is Rail (Financial Software) headquartered?

    Rail (Financial Software) is headquartered in Toronto, Canada.

  • What is the size of Rail (Financial Software)?

    Rail (Financial Software) has 17 total employees.

  • What industry is Rail (Financial Software) in?

    Rail (Financial Software)’s primary industry is Financial Software.

  • Is Rail (Financial Software) a private or public company?

    Rail (Financial Software) is a Private company.

  • What is the current valuation of Rail (Financial Software)?

    The current valuation of Rail (Financial Software) is .

  • What is Rail (Financial Software)’s current revenue?

    The current revenue for Rail (Financial Software) is .

  • How much funding has Rail (Financial Software) raised over time?

    Rail (Financial Software) has raised $15M.

  • Who are Rail (Financial Software)’s investors?

    Accomplice VC, Andover Ventures, Anti Fund, Awesome People Ventures, and Earl Grey Capital are 5 of 13 investors who have invested in Rail (Financial Software).

  • Who are Rail (Financial Software)’s competitors?

    Unnax, Unit (New York), Innoviti, TrueLayer, and BankiFi are some of the 59 competitors of Rail (Financial Software).

  • When was Rail (Financial Software) acquired?

    Rail (Financial Software) was acquired on 12-Nov-2025.

  • Who acquired Rail (Financial Software)?

    Rail (Financial Software) was acquired by Ripple.

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