31VENTURES Global Innovation Fund I has invested in Railsbank, the leading global open banking platform that enables any company to be a fintech
Mitsui Fudosan Co., Ltd., through its 31VENTURES Global Innovation Fund I., has invested in Railsbank (CEO: Nigel Verdon), the leading global open banking platform that enables any company to be a fintech.
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.
Mitsui Fudosan sees huge potential in Railsbank’s vision and open banking platform. Corporates are more willing to have banking services and Railsbank can provide them with a turnkey solution for this and Mitsui Fudosan believes this trend continues.