Railsbank

Railsbank is the pioneer and innovator in the global Banking as a Platform (BaaP) sector, enabling banks, businesses and brands to define the future of consumer and SME finance.

Founded 2016
51-200 employees
Headquarters address
London

Who are we?

The Railsbank team believes that technology plays a major role in making financial services inclusive so that we can all enjoy a better world. However, the reality is that global banking has never been properly executed. This is due to the complexities of legacy technology, managing global compliance and ancient bank processes which create a slow, complex and costly experience for customers - And yet we live in an increasingly digital world!

​Our mission is therefore simple: to deliver a seamless product to companies through a technology platform that moves past the legacy issues. And we do that by bringing together banks and businesses to transact digitally and in a fully compliant way.

Our Leadership

The founders are extremely well known in the FinTech world and have known each other since they were 13 years old! Based in London, Nigel Verdon and Clive Mitchell have been in the finTech industry since the 1990s when the capital markets industry went through the digital transformation that banking is going through today. Along the way, Nigel has founded two highly successful FinTech companies, Evolution and Currency Cloud, and Clive has been an award-winning CIO and founder of Morse Transaction Services.

Who do we hire?

Railsbank aims to be the best global banking and compliance platform, upon which innovators build their business.

There’s no such thing as a typical Railsbank person. What we are is a strong group of professionals with an entrepreneurial spirit and a startup mentality. We’re excited to welcome people that have something new to bring to the table, who changes what it means to be a Railsbank person every day. At Railsbank we encourage an environment that’s fast-paced, collaborative, dynamic and supportive.

Being an integral part of the Railsbank team means sharing our values. We use these values to drive Railsbank day to day, and make sure our team is part of a truly exciting environment in which you are given a chance to grow and flourish.
- Excellence
- Accountability
- Diversity
- Work/life balance
- Trust
- Fun
- Inclusive
- Friendship
- Noble cause
- Respect

Our Platform

The Railsbank platform enables marketers, product managers, developers to take their financial product vision and rapidly prototype, launch and scale their vision using its open finance platform, financial operations, regulatory licensing and rich set of APIs. Using Railsbank’s super simple APIs as building blocks, customers can build pretty much any financial use-case they can imagine, freeing up Railsbank customers to focus on delivering delightful finance experiences to consumers and businesses.

Railsbank’s unique ability to innovate at speed was recently highlighted with the launch and implementation of LightningAid.org (helping people and businesses survive financially through the pandemic), which went from “idea to Apple app store” in just eight days.