Finance tech companies Railsr and Equals Money have officially combined forces in a merger.
The financial landscape in Europe is set to change with the acquisition of Equals Money and Railsr by a prominent consortium. The shareholders leading the acquisition include D Squared Capital, Moneta, and a host of other significant investors.
The newly combined group, which includes TowerBrook Capital Partners LP, J.C. Flowers & Co, Lingotto Investment Management, and Railsr shareholders, marks one of the largest embedded finance providers in Europe. The acquisition follows the consortium's take-private of Equals.
The co-chief executive officers of the newly-combined group are Philippe Morel, previously the CEO of Railsr, and Ian Strafford-Taylor, formerly the CEO of Equals Money. Lord Philip Hammond, the former Chancellor of the Exchequer, will serve as the chair of the newly-combined group.
The transaction combines 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. The group offers businesses a way to embed financial services into their products, aiming to deliver flexible, scalable financial services that empower businesses of all sizes.
Existing services of Equals Money and Railsr will continue, with clients receiving updates as enhancements are rolled out. Over the coming months, the companies will work closely to integrate operations while ensuring uninterrupted customer service. The newly combined group plans to provide enhanced products and services to customers, promoting financial stability and compliance in the embedded finance sector.
Railsr, a London-based fintech company, focuses on embedded finance offerings in Europe, while Equals Money operates as part of a group with multiple business lines and brands, including FairFX and CardOneMoney, with offices in London, Chester, Los Angeles, and Europe.
The combined Equals-Railsr business will be a major player and tech leader in embedded finance across the UK and Europe. Lord Hammond looks forward to the business delivering strong growth and ground-breaking innovation in the years ahead.
- The newly combined Equals-Railsr group, comprising D Squared Capital, Moneta, TowerBrook Capital Partners LP, J.C. Flowers & Co, Lingotto Investment Management, Railsr shareholders, and Lord Philip Hammond, aims to become a leading provider of embedded finance across the UK and Europe, leveraging an innovative strategy.
- They plan to deliver flexible, scalable financial services to businesses of all sizes, integrating technology and fintech solutions such as multi-currency accounts, FX services, corporate cards, embedded finance, Banking-as-a-Service, and Cards-as-a-Service infrastructure.
- Another focus of the combined business will be financial stability and compliance in the embedded finance sector, as well as developing enhanced products and services for clients based on data-driven insights from both Equals Money and Railsr.
- As a tech leader, the Equals-Railsr group will continue to operate existing services, including those offered by FairFX, CardOneMoney, and Railsr in London, Chester, Los Angeles, and Europe, while working towards strong growth and ground-breaking innovation in the fintech industry.
