Railsr Extends Merger Proposal To Equals Group

Railsr, a company under the parent firm Embedded Finance, has formally announced a merger offer of the two businesses with UK-based Equals Group.

According to the announcement, this strategic move with Equals Group, the London-listed payments company, aims to integrate their expertise and services in enhancing the digital finance landscape.

However, further details were not disclosed by Sky News regarding the time the approach was made and the ongoing discussions between Equals Group and Railsr. While Equals Group is anticipated to extend the deadline for formal offers, it remained in an offer period for the time until the middle of April 2024.

Railsr’s Innovative Solutions Seeks To Revolutionize Embedded Finance Experiences

Railsr, operating under the parent firm Embedded Finance, stands as a firm that offers Cards-as-a-Service and Banking-as-a-Service (BaaS) solutions, along with multiple tools to its clients and customers.  These offerings include services like virtual wallets and card issuing, both of which have experienced an increasing demand with the whole growth in the digital finance landscape.

Its innovative platform is designed to empower fintech companies with a fresh initiative to revolutionize their Embedded Finance experiences, along with utilizing users’ engagement, rewards, and data.

Equals Group was established to sell and design secure, scalable, and efficient payment platforms, aimed at facilitating seamless money management for companies and organizations. This process is executed through the use of card tools and payment solutions.

As a publicly traded limited liability firm, Equals Group incorporates in Wales and England with its headquarters situated in the UK. The firm’s key brands include FairFX, Equals Connect, CardOneMoney, Equal Money Solutions, and Equals Money.

Railsr Aims To Democratize Financial Innovation By Offering An Open API Utility

In the merger process, its focus will be directed toward remaining compliant with regulatory requirements and local industry laws, while prioritizing the process to meet their clients and customers’ preferences, needs, and demands in the ever-evolving market. Presently, it is uncertain whether the two entities are actively engaged in discussion regarding the offer.

Railsr, established in 2016 by Clive Mitchell and Nigel Verdon and Clive Mitchell back is an open banking and compliance platform. The firm provides an API-centric financial innovation and expansion platform designed for product managers and developers to establish their financial services enterprise.

The platform sets its open API as a utility, enabling financial companies to construct and sell diverse financial products, features, or services. The platform provides inclusive financial services backend which incorporates platform, compliance, regulation, scheme memberships, operations, provision, and connectivity solutions.