Railsbank heads to London’s Broadgate for its new global HQ

By Oliver Smith on Thursday 14 October 2021

Digital Banking

Joining Starling Bank and Innovate Finance in this growing fintech hub.

Railsbank heads to London’s Broadgate for its new global HQ
Image source: Broadgate/British Land.

With over 450 staff globally, Railsbank is opening a new global headquarters in London based in the bustling financial hub of Broadgate.

Railsbank—which raised $70m in July to grow its business and push into the ‘embedded finance’ space—started life in 2016 with just four employees.

Today the fintech is working with clients from Volt in Australia to McLaren Racing, who are using its banking-as-a-service APIs to offer financial products to their customers.

The company has offices in London, Newcastle, California, Munich, Lithuania, Australia, Singapore, Malaysia, Vietnam, Sri Lanka and the Philippines.

CEO Nigel Verdon said the decision to base Railsbank’s HQ in London showed that the business remained “committed to London and the UK.” 

“Despite how difficult the last 18 months have been for everyone, Railsbank has been able to maintain a strong trajectory, bringing the embedded finance revolution to an ever-increasing number of customers.”

Verdon said the new office would be designed to support flexible working, branding it a “hybrid workplace”.

“With the new space, our growing team is better able to collaborate and meet with our customers face-to-face. We are ready to climb even higher over the coming year from our new base of operations”.

Railsbank will undoubtedly be in the right place for meeting fintech clients. Broadgate is also home to Starling Bank, Innovate Finance, and older institutions like UBS and ICAP.

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