Equals & Railsr Unite for European Fintech Push
Deal News | Apr 29, 2025 | Global Cleantech Capital
A new powerhouse in the European fintech sector is forming as Equals Money and Railsr merge their operations, supported by an acquisition led by TowerBrook Capital Partners, J.C. Flowers & Co, and Lingotto Investment Management. The merged entity combines the currency service offerings of Equals Money with Railsr’s banking-as-a-service infrastructure, creating a formidable player in the embedded finance market. Both companies will maintain their individual brands while integrating operations behind the scenes, aiming to enhance their service offering across Europe. This merger signifies a significant step forward in consolidating fintech services into a more comprehensive, customer-friendly package.
Sectors
- Financial Technology (FinTech)
- Private Equity
Geography
- Europe – The merger creates a prominent European embedded finance platform, serving the continent with consolidated fintech solutions.
Industry
- Financial Technology (FinTech) – The merger combines fintech services, notably banking-as-a-service and multi-currency transactions, critical components of the Financial Technology sector.
- Private Equity – Involves significant contributions and oversight from private equity firms like TowerBrook Capital Partners and J.C. Flowers & Co, central to the financing and execution of the merger.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Equals Money | Target Company | Company | A provider of multi-currency accounts and foreign exchange services. |
| Railsr | Target Company | Company | A banking-as-a-service infrastructure provider. |
| TowerBrook Capital Partners | Leading Investors | Company | A private equity firm leading the consortium for the acquisition. |
| J.C. Flowers & Co | Leading Investors | Company | A private investment firm, part of the consortium acquiring Railsr. |
| Lingotto Investment Management | Investor | Company | Participating investor in the acquisition consortium. |
| Global Cleantech Capital | Backer | Company | A private equity firm involved in backing the newly merged entity. |