London-based embedded fintech Railsr, formerly called Railsbank, goes into bankruptcy protection under a new consortium owner; Railsr was valued at ~$1B in 2021 (Ingrid Lunden/TechCrunch)

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Ingrid Lunden / TechCrunch:

London-based embedded fintech Railsr, previously referred to as Railsbank, goes into chapter 11 safety beneath a brand new consortium proprietor; Railsr was valued at ~$1B in 2021  —  Startups are dealing with a second of reckoning within the present financial local weather, and in the present day one of many extra promising on the earth of fintech has cracked beneath the stress.