November 16, 2020
Global Brain made a follow-on investment in Railsbank, the leading global open banking platform that enables any company to be a fintech
Global Brain has made follow-on investments in Railsbank (CEO: Nigel Verdon), the leading global open banking platform that enables any company to be a fintech, through its GB-VII Growth Fund Investment Limited Partnership (GB-VII) and also 31VENTURES Global Innovation Fund I (31VENTURES).
Railsbank is an API and cloud based open banking platform enabling any company or brand to become a fintech. The Railsbank platform is designed for developers and product managers to rapidly conceptualize, prototype, launch and scale financial services products, whether in one country, or globally. Enabling customers to innovate and deliver virtually any financial product use-case at speed is core to Railsbank.
Global Brain sees huge potential in Railsbank's vision and open banking platform. Corporates, especially in Asia, are more willing to have banking services and Railsbank can provide them with a turnkey solution for this and Global Brain believes this trend continues. Global Brain will continue leveraging its resources to support Railsbank by assisting its penetration into the Asian market, including but not limited to building partnership/alliances with its potential clients.
About Railsbank
- Location
- London, U.K.
- CEO
- Nigel Verdon
About GB-VII
- Name
- GB-VII Growth Fund Investment Limited Partnership
- General
- Partner Global Brain Corporation
About 31VENTURES
- Name
- 31VENTURES Global Innovation Fund I
- General
- Partner Global Brain Corporation
- Fund
- Size 5 Billion JPY
About Global Brain
- Location
- Tokyo, Japan
- Representative
- Yasuhiko Yurimoto
- Founded
- January, 1998