About Rail
Rail is a Financial Services company based in Toronto (Canada) founded in 2021 by Bhanu Kohli and Tarun Mistry, and was acquired by Ripple in August 2025. Cross-border payment infrastructure is provided by Rail for global transfers. Rail has raised $10.2 million across 1 funding round from investors including Ripple, Galaxy and Accomplice. Its chief executive, as recorded, is Bhanu Kohli. Its website rail.io draws about 26 thousand monthly visits. Rail offers products and services including Payment Platform, Stablecoin On/Off Ramp, and Remittance Solutions. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and Diversified. Its legal entity is Layer2 Financial Inc.
Company details
Rail was founded in 2021 in Toronto, Canada, as a payments infrastructure platform focused on cross-border solutions. Services are extended to payment processors, fintechs, and neobanks to facilitate reliable international transfers. A secure and scalable system is utilized to handle global money movements, with operations aimed at reducing complexities in cross-border transactions for business expansion.
Products & Services of Rail
Rail offers a comprehensive portfolio of products and services, including Payment Platform, Stablecoin On/Off Ramp, and Remittance Solutions.
Enables instant cross-border transactions via API for businesses.
Facilitates secure conversion of stablecoins to fiat currencies.
Simplifies low-cost, fast cross-border money transfers for users.
Funding Insights of Rail
Rail has successfully raised a total of $10.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $10.2 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10.2M
- Total Rounds 1
- Last Round Series A — $10.2M
- First Round $10.2M
(Mar 2024)
- Investors Count 2
All 1 funding rounds of Rail with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $10.2M | Series A | – | Galaxy |
3 investors in total: 3 institutional.
Investors in Rail
Rail has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Ripple, Galaxy and Accomplice.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accomplice is engaged in venture capital investments for startups. | accomplice.co | Boston, United States | ||
Galaxy is recognized as a leader in digital assets and data center infrastructure. | 2018 | galaxy.com | New York, United States | |
Blockchain-based payment network for cross-border transfers is developed. | 2012 | ripple.com | San Francisco, United States |
Investor details for Rail
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Rail
7 people are tracked at Rail (6 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Bhanu Kohli | Co-Founder & CEO | Leadership |
Tarun Mistry | Co-Founder | Leadership |
Amy Dunn | VP Of Marketing | Leadership |
Jack Murphy | Head Of Product | Leadership |
Ryan Miller | Chief Revenue Officer (cro) | Leadership |
John Ingold | Chief Risk Officer | Leadership |
Kylie Koske | Revenue Operations Manager | Team |
Complete people profiles for Rail
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Rail
3 dated milestones of Rail across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Rail is founded.
- Funding First funding round of $10.2M.
- Exit Acquired by Ripple.
Web traffic of Rail
The website of Rail (rail.io) receives about 25.5K visits a month.
- Monthly visits25.5K
▼ 8.6% vs previous month
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Frequently Asked Questions about Rail
Rail was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Rail is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Bhanu Kohli is the CEO of Rail, as recorded in our data. They have also founded this company.
Rail is a funded company, having raised a total of $10.2M across 1 funding round to date. The company's 1st funding round was a Series A of $10.2M, raised on Mar 2024.
Rail was founded in 2021 in Toronto, Canada, as a payments infrastructure platform focused on cross-border solutions. Services are extended to payment processors, fintechs, and neobanks to facilitate reliable international transfers. A secure and scalable system is utilized to handle global money movements, with operations aimed at reducing complexities in cross-border transactions for business expansion.
Rail offers Payment Platform, Stablecoin On/Off Ramp, and Remittance Solutions.
Rail has 3 investors. Key investors include Ripple, Galaxy, and Accomplice.
Rail operates through Layer2 Financial Inc..
Yes. Rail was acquired by Ripple in August 2025.