Sky News understands that parts of Railsr's regulated operations are to be bought by a syndicate of backers which will include a number of Railsr's existing shareholders
Railsr specialises in so-called embedded finance solutions such as banking services, credit cards and digital wallets.
Its problems have deepened as technology companies have struggled to access sufficient standalone funding to survive.Railsr itself raised a bridge funding round late last year which was designed to provide enough capital to see it through to a sale. Last autumn, the company announced the completion of a $46m Series C funding round, although it did not publicly disclose that this took place at a valuation of about $250m - well below that of an earlier fundraising.
That round was led by Anthos Capital, with other investors including Ventura, Outrun Ventures and Visa.The British company secured a coup last year when it named Rick Haythornthwaite, the former chairman of MasterCard and current chair of Ocado and the AA, as its chairman. Nigel Verdon, Railsr's co-founder, had previously claimed that the company is"transforming the finance industry in the same way that Apple did to the music industry when they created iTunes".
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Women's World Cup 2023: FIFA may drop Visit Saudi as sponsor, Sky News learnsMore than a month ago, the football federations of Australia and New Zealand complained to FIFA saying they were not comfortable with Visit Saudi as a sponsor over rights concerns and the lack of consultation.
Consulte Mais informação »
Sky owners are just realising there's a new trick that instantly boosts your TVSKY has introduced a hack to let customers get more out of their TV. The TV box lets users connect to a Bluetooth audio headset or speaker, while also allowing audio to continue on TV. It means tha…
Consulte Mais informação »
Millions of Sky customers warned of costly mistake that's so easy to avoidSKY has warned customers against not returning equipment – or they will face unnecessary charges. Customers who fail to give their old TV box back will be charged a fee by Sky – which c…
Consulte Mais informação »
Co-operative Bank finds Sainsbury's un-cooperative over £650m mortgage dealTalks between the two mid-tier UK lenders about a transaction have fallen apart amid a disagreement on the price the Co-operative Bank would pay, Sky News understands.
Consulte Mais informação »
UK's inability to replenish dwindling munitions stockpile 'a risk to national security'The warning from the Commons Defence Committee comes after Sky News revealed that the UK is conducting a review of its munitions stockpile.
Consulte Mais informação »