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Open banking and regtech platform, Railsbank, has signed on Hong Kong-based fintech Statrys.<\/p>\n
![](\"https:\/\/www.fintechfutures.com\/files\/2020\/04\/Nigel-Verdon-Railsbank-hi-res-2.jpg\")
<\/p>\nNigel Verdon, Railsbank<\/p>\n<\/div>\n
Statrys provides online business accounts, payments, and forex solutions for small and medium-sized enterprises (SMEs) in Asia.<\/p>\n
The firm states that it wants to serve entrepreneurs, start-ups and more established SMEs which it claims are “overlooked” by the traditional banking system.<\/p>\n
“Working in partnership with Railsbank to offer local currency accounts is an important value add to our clients,” says Bertrand Théaud, founder and director of Statrys.<\/p>\n
“It is clearly a major achievement in our effort to provide Asian SMEs with more effective payment solutions for their international business.”<\/p>\n
Railsbank is expanding throughout Asia from its regional hub in Singapore. The firm secured an extra injection of Series A funding<\/a> from Visa and Global Brain back in April.<\/p>\n The firm partnered with Visa to offer banking as a service (BaaS) services in Singapore, the Philippines, Vietnam and Thailand. It also became a Visa issuing member in Singapore.<\/p>\n “I am very pleased to welcome Statrys into the Railsbank family,” says Nigel Verdon, co-founder and CEO of Railsbank.<\/p>\n “Financial inclusion is just as important for SMEs as it is for individuals, and this marries with the Railsbank fundamental belief that everyone should have access to banking services.”<\/p>\n Tags:<\/b> Alex Hamilton<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"See Campaign: <\/strong>https:\/\/www.fintechfutures.com\/2020\/04\/visa-invests-in-open-banking-platform-railsbank\/<\/a>
Contact Information:<\/b>
Alex Hamilton<\/p>\n
<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
\nContact Information:<\/h3>\n
Open banking and regtech platform, Railsbank, has signed on Hong Kong-based fintech Statrys. Nigel Verdon, Railsbank Statrys provides online business accounts, payments, and forex solutions for small and medium-sized enterprises (SMEs) in Asia. The firm states that it wants to serve entrepreneurs, start-ups and more established SMEs which it claims are “overlooked” by the traditional … Continue reading Railsbank signs on Hong Kong fintech Statrys<\/span><\/a> Continue Reading