Railsr
Railsr is a UK (outside the EU/EEA) fintech-infrastructure provider (BaaS, Card issuing software). Verified at source - licence, regulator and registry reference. Active (merged into Equals 2025)
Who it's for
Railsr is built for teams that want accounts, payments and cards behind one contract and one API. It holds its own e-money licence, so programmes can run under its umbrella with safeguarded client funds.
Sovereignty profile
- Data residency (EEA): No - outside the EEA
- Company origin: UK (UK)
- Client funds: safeguarded (segregated at a credit institution) - ring-fenced from creditors, not deposit-guaranteed
What Railsr does
Verified licence profile
Railsr (UK) - BaaS; FCA EMI + PI. Merged with Equals Money in 2025 (now 'Equals'); PayrNet (LT EMI) wound down. NB: earlier FCA restructuring risk. Rebranded to Equals (Jun 2026) after surpassing GBP 58bn annual volume.
Verified 2026-07-12. How we verify → · Spotted something out of date? Report a correction. · Are you Railsr? Work with us →
Timeline
- 2026-06 [rebrand] Group rebranded to Equals after surpassing GBP 58bn annual volume
- 2025 [m&a] Merged with Equals Money
European alternatives to Railsr
🏦 Local IBANs: LT
Bankera (Lithuania) - business and personal banking (LT IBANs, SEPA/SWIFT, cards) operated via UAB Pervesk (EMI, Bank of Lithuania). Earlier 2017-18 ICO-funded history.
🏦 Local IBANs: LT
ConnectPay (Lithuania) - BaaS and embedded finance for platforms (accounts, payments, cards). EMI No. 24 (Bank of Lithuania); PIS/AIS extension 2024.
Edenred Payment Solutions (ex-PrePay Solutions / PPS; UK + Belgium) - card issuing, BIN sponsorship and in-house processing; Mastercard + Visa primary issuer. FCA EMI (UK, FRN 900010) + PPS EU SA (NBB Belgium, passported to 7 EU countries). Part of Edenred SE (FR, listed); founding member of Mastercard BIN Sponsor Plus.
🏦 Local IBANs: IE
Fire (Ireland) - EUR and GBP accounts, Irish IBANs and an API; a Payment Institution under the Central Bank of Ireland (Ref C58301), with a UK entity. NB: PI, not EMI.
🏦 Local IBANs: LT
Genome (UAB Maneuver, Lithuania; since 2018) - LT IBANs, accounts and cards. EMI LB000453 (Bank of Lithuania).
🏦 Local IBANs: BG
iCard (Bulgaria) - personal and business IBANs, cards and a wallet (Phyre); the 2nd-largest EMI in Bulgaria (37.8% share). EMI, Bulgarian National Bank.
FAQ
Is Railsr European / EEA-based?
Railsr is UK origin (UK) and is not fully EEA-based; shown as a contrast/comparison.
What does Railsr do?
Railsr covers: BaaS, Card issuing software. Verified at source by Fintechnologica.