Fintech companies Railsr and Equals Money combine forces in an official merger.
Equals Money and Railsr have officially combined forces to create one of the largest embedded finance providers in Europe. The newly formed entity, named Equals Money Railsr, offers businesses a way to seamlessly embed financial services into their products.
The combined entity, backed by majority investors TowerBrook Capital Partners LP, J.C. Flowers & Co, and Lingotto Investment Management, aims to deliver strong growth and ground-breaking innovation in embedded finance. Lord Philip Hammond and Philippe Morel, previously the CEO of Railsr, serve as the chair and co-CEO respectively.
The services provided by Equals Money Railsr cater to businesses wanting to integrate financial functionalities without becoming banks themselves. The offerings include white-label banking, payment cards, open banking APIs, and real-time transaction processing. These services enable businesses to embed financial services such as issuing cards, managing accounts, facilitating payments, and accessing banking infrastructure directly into their own products.
The integration of Equals Money's multi-currency accounts, FX, corporate cards, and financial solutions with Railsr's embedded finance, Banking-as-a-Service, and Cards-as-a-Service infrastructure supports businesses across various sectors in embedding financial features within their ecosystems. This integration boosts efficiency and enables innovation in service delivery across Europe.
Initially, the combined entity will operate under their existing brands. Clients will receive updates as enhancements are rolled out. The acquisition follows the consortium's take-private of Equals and includes funds managed by TowerBrook Capital Partners LP, J.C. Flowers & Co, Railsr shareholders led by D Squared Capital and Moneta, and Lingotto Investment Management through its Lingotto Horizon Strategy.
The newly combined group is committed to promoting financial stability and compliance in the embedded finance sector. The co-chief executive officers of the combined entity have not been specified yet. The acquisition of Railsr by the consortium has been completed, and existing services of both Equals Money and Railsr will continue in the meantime.
The newly combined embedded finance provider, Equals Money Railsr, is set to revolutionise the financial landscape in Europe by offering businesses a seamless and innovative way to embed financial services into their products.
The newly combined entity, Equals Money Railsr, is backed by major investors and aimed at delivering innovation in embedded finance, catering to businesses that wish to integrate financial functionalities without becoming banks themselves. Offerings such as white-label banking, payment cards, open banking APIs, and real-time transaction processing enable businesses to embed financial services like issuing cards, managing accounts, making payments, and accessing banking infrastructure directly into their products. This integration supports businesses across various sectors and boosts efficiency and innovation in service delivery across Europe. The acquisition follows the consortium's take-private of Equals and includes significant investors, all committed to promoting financial stability and compliance in the embedded finance sector.
