Railsbank opens new Global Headquarters in London
By Joy Dumasia
Railsbank, the leading global Embedded Finance platform, has announced the opening of its new Global Headquarters in Broadgate, London’s largest pedestrianised neighbourhood in the heart of the financial district.
Railsbank has seen rapid growth, bringing on new clients globally. It has supported the launch of the first physical health-linked credit card with Paceline, enabled McLaren Racing and QNTMPAY to bring its new lifestyle bank to life, and enabled Status Money to move beyond its start as a financial advice app and to offer real financial services to its customers in the form of a crypto-rewards credit card.
Reflecting this rapid growth, Railsbank has expanded its team from 4 staff in 2016 to over 450 globally today. Railsbank’s new London HQ reflects the company’s recent success and ambitions for the future and reaffirming the company’s commitment to the capital and the UK.
Nigel Verdon, Railsbank CEO, said: “Railsbank’s HQ has always been London, and it’s at the heart of the company. It is important to us as a business to have our main office in one of the world’s major financial and business hubs, and we remain committed to London and the UK. Despite how difficult the last 18 months have been for everyone, Railsbank has been able to maintain a strong trajectory, bringing the embedded finance revolution to an ever-increasing number of customers. Our new office is designed to support the unique demands of a hybrid workplace, allowing our team to have a more rewarding work/life balance with flexible working. With the new space, our growing team is better able to collaborate and meet with our customers face-to-face. We are ready to climb even higher over the coming year from our new base of operations.”
Recently, IBS Intelligence reported that Railsbank had raised $70 million as it continues to expand its key products globally, strengthening its position as a global Embedded Finance platform.