About Railz
Railz is a Technology company based in Toronto (Canada) founded in 2020. It operates as an accounting data services are delivered to businesses via cloud platforms. Railz has raised $15.1 million across 3 funding rounds from investors including FIS, Plug and Play Tech Center and Nyca Partners. The company has 48 employees. Its focus areas include FinTech, Finance & Accounting Tech, Financial Planning & Analysis and Accounting Data Aggregation. Its competitors include Codat, Rutter, LiveFlow, Wealthica and Helu and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
Railz was founded in 2020 and is headquartered in Toronto, Canada. Operations focus on the fintech sector, where data-as-a-service solutions are offered for accounting needs. Services include financial planning and analysis, forecasting, report generation, business valuation, transaction processing, and risk and fraud monitoring. These are extended to sectors such as banking, lending, accounting and audit, and e-commerce.
- Total Equity Funding$15.1M (USD)
in 3 rounds
- InvestorsFIS
& 8 more
- Employee Count48
Funding Insights of Railz
Railz has successfully raised a total of $15.1M across 3 strategic funding rounds. 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 $15.1M
- Total Rounds 3
- First Round $3.1M
(Jun 2020)
- Investors Count 9
All 3 funding rounds of Railz 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 |
|---|---|---|---|---|---|
| Jun 2021 | – | Series A | – | FIS | – |
| May 2021 | $12M | Series A | – | Nyca Partners | |
| Jun 2020 | $3.1M | Seed | – | – | – |
9 investors in total: 9 institutional.
Investors in Railz
Railz has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include FIS, Plug and Play Tech Center and Nyca Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech focused early stage VC firm investing in the US | – | nyca.com | New York, United States | |
Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors | – | susaventures.com | San Francisco, United States | |
Vestigo Ventures is focused on investing in AI and FinTech startups. | – | vestigoventures.com | Kendall Square, United States | |
Investments are directed toward pre-seed to Series C technology companies. | – | entreecap.com | London, United Kingdom | |
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Venture capital funding is provided to early-stage Canadian startups. | – | n49p.com | Canada | |
Venture capital firm focused on early-stage startups | – | globalfounderscapital.com | Berlin, Germany | |
Web3 venture capital firm partnering on blockchain projects. | – | hack.vc | - | |
Software suites for banks and financial institutions are provided. | 1968 | fisglobal.com | Jacksonville, United States |
Investor details for Railz
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Railz
13 people are tracked at Railz (3 in leadership, 10 in team); the tracked headcount is 48.
| Name | Role | Group |
|---|---|---|
Ali Kiassat | VP of Sales | Leadership |
Derek Manuge | CTO | Leadership |
John C. | Director of Data Engineering | Leadership |
Marie Osmun | Senior Quantitative Developer | Team |
Sharon Douangphachanh | People & Operations Manager | Team |
Kishore Reddy | QA Engineer | Team |
Oluwafemi Oladunni | Coating Inspector | Team |
Ivan Blanco | Senior Product Owner | Team |
Ali Fawaz | Senior Full Stack Engineer | Team |
Shuoyi (Max) Ma | Senior Full Stack Engineer | Team |
Hannah Park | Product Designer | Team |
Ndudi Obiki ISTQB, PMP, PSM-I, AWS-CCP | Senior QA Engineer | Team |
Jammy Lee | QA Lead | Team |
Complete people profiles for Railz
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Railz
3 dated milestones of Railz across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Railz is founded.
- Funding First funding round of $3.1M.
- Funding Latest funding round, Series A,.
Competitors of Railz
Railz has 8 listed competitors in our database, 5 of them funded. They include Codat, Rutter, LiveFlow, Wealthica and Helu, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| codat.io | 2017 | London, United Kingdom | $172.46M | 210 | Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses | |
| rutter.com | 2019 | San Francisco, United States | $28.5M | – | Finance and accounting management is facilitated via an API platform. | |
| liveflow.io | 2021 | Redwood, United States | $17.13M | – | LiveFlow is recognized as a leading platform for multi-entity finance automation. | |
| wealthica.com | 2015 | Montreal, Canada | – | 15 | Portfolio performance is tracked via aggregation from Canadian financial institutions. | |
| helu.io | 2020 | Vienna, Austria | $15M | – | Accounting data is connected, controlled, and analyzed for businesses. | |
| tallystreet.com | 2018 | Boston, United States | $750,000 | – | Accounting data is aggregated for business insights and analytics. | |
| apoidea.ai | 2017 | Hong Kong, China | – | – | AI-driven extraction of financial data is provided for businesses. | |
| forwardai.com | 2021 | Vancouver, Canada | – | – | Delivers API-based accounting solutions for banks and lenders. |
Detailed competitors of Railz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Railz
The website of Railz (railz.ai) receives about 6.5K visits a month.
- Monthly visits6.5K
▼ 20.3% vs previous month
Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as Railz (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.06 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Related news about Railz
Complete news archive for Railz
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Frequently Asked Questions about Railz
Railz was founded in 2020.
Railz is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Railz is a funded company, having raised a total of $15.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.1M, raised on Jun 2020.
Railz has 48 employees.
Railz was founded in 2020 and is headquartered in Toronto, Canada. Operations focus on the fintech sector, where data-as-a-service solutions are offered for accounting needs. Services include financial planning and analysis, forecasting, report generation, business valuation, transaction processing, and risk and fraud monitoring. These are extended to sectors such as banking, lending, accounting and audit, and e-commerce.
Railz has 9 investors. Key investors include FIS, Plug and Play Tech Center, Nyca Partners, Susa Ventures, and Vestigo Ventures.