Published: June 2, 2026 at 3:00 pm
A former star of London FinTech once touted as a potential unicorn before being rescued from administration has rebranded following a merger last year.
Railsr – once known as Railsbank – had developed APIs which make it easy for developers to integrate banking and card functionality into their products and services.
It was acquired for just £500,000 by a consortium led by D Squared Capital in a pre-pack administration deal in 2024, a far cry from the $1 billion valuation it once sought in funding negotiations: in October 2022 the company had raised $46 million at a $250m valuation.
The company, which subsequently raised £20m to return to growth, then merged with private equity-owned Equals Money last year – with the combined company co-branded under both names.
Now, after a year of significant double-digit growth under CEO Ian Strafford-Taylor which saw it surpass £58bn in annual transaction volume, it has rebranded to Equals.