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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Phone
*********
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $10.2M
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First Round
First Round
(28 Mar 2024)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Series A - Rail | Valuation | Galaxy |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Accomplice is engaged in venture capital investments for startups.
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Founded Year | Domain | Location | |
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Galaxy is recognized as a leader in digital assets and data center infrastructure.
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Founded Year | Domain | Location | |
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Blockchain-based payment network for cross-border transfers is developed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rail
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rail
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rail Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
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| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border remittance solution
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Rail
When was Rail founded?
Rail was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is Rail located?
Rail is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Rail?
Bhanu Kohli is the current CEO of Rail. They have also founded this company.
Is Rail a funded 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 28, 2024.
What does Rail do?
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.
Who are the top competitors of Rail?
Rail's top competitors include Wise, TransferGo and Remessa Online.
What products or services does Rail offer?
Rail offers Payment Platform, Stablecoin On/Off Ramp, and Remittance Solutions.
Who are Rail's investors?
Rail has 3 investors. Key investors include Ripple, Galaxy, and Accomplice.
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