About Rail
Rail is a company based in Toronto (Canada) founded in 2021 by Bhanu Kohli and Tarun Mistry was acquired by Ripple in August 2025. Rail has raised $10.2 million across 1 funding round from investors including Ripple, Galaxy and Accomplice. Rail offers products and services including Payment Platform, Stablecoin On/Off Ramp, and Remittance Solutions. Rail operates in a competitive market with competitors including Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
- Headquarter Toronto, Canada
- Founders Bhanu Kohli, Tarun Mistry
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Sectors
Financial Services
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Email
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Website
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Social
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- Legal Name Layer2 Financial Inc.
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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.
People of Rail
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Leadership Team
3 people
Sales and Marketing
1 people
Product Management Team
1 people
Operations Team
1 people
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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.
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.
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Accomplice is engaged in venture capital investments for startups.
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Galaxy is recognized as a leader in digital assets and data center infrastructure.
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Blockchain-based payment network for cross-border transfers is developed.
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Investor details for Rail
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Investments & Acquisitions by Rail
Investment portfolio details for Rail
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- Transaction dates
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Financial Statements - Rail
Detailed financials for Rail
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Rail Comparisons
Peer comparison for Rail
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- Named peers
- Headcount comparison
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Competitors of Rail
Rail operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
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Cross-border remittances are enabled for individuals and businesses via apps.
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Cross-border money transfers are enabled through CurrencyFair's platform.
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International payments are enabled online for consumers and businesses.
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Cross-border remittances are enabled for consumers and businesses.
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Provider of remittance services
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Cross-border remittance solution
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Detailed competitors of Rail
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Latest news on Rail
Complete news archive for Rail
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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 current CEO of Rail. They have also founded this company.
Rail is a funded company, having raised a total of $10.2M across 1 funding round to date.
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's top competitors include Wise, TransferGo and Remessa Online.
Rail offers Payment Platform, Stablecoin On/Off Ramp, and Remittance Solutions.
Rail has 3 investors. Key investors include Ripple, Galaxy, and Accomplice.