Railsr to Acquire Equals in All-Cash £283m Deal

Railsr, a leading embedded finance platform, has agreed to acquire Equals Group – parent of the Equals Money brand, in a £283m deal to create a new embedded finance powerhouse.

The deal brings together two of the UK's prominent fintechs, leveraging their expertise in embedded finance, cross-border payments and banking services. 

Railsr, which offers banking-as-a-service and card issuing solutions, will gain Equals’ robust suite of international payments, multicurrency accounts, and card products.

“The strategic fit of Equals and Railsr is compelling and the combination of their complementary strengths and capabilities is expected to enhance the customer proposition and create a leading embedded finance, foreign exchange and payments business,” say Joseph Knoll, Managing Director of TowerBrook, Tim Hanford, Co-President of J.C. Flowers and Dan Adler, Director of Railsr, in a joint statement.

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