Railsr, the UK-based embedded finance tech startup formerly called Railsbank, goes into bankruptcy under new consortium owner; it was valued at ~$1B in 2021 (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:

Railsr, the UK-based embedded finance tech startup formerly called Railsbank, goes into bankruptcy under new consortium owner; it was valued at ~$1B in 2021  —  Startups are facing a moment of reckoning in the current economic climate, and today one of the more promising in the world of fintech has cracked under the pressure.