Canada based open banking payments gateway raised $10.5m in Series A round led by Arthur Ventures.
“Their product positioning is also really compelling. Rather than weaving together different systems, Zūm Rails can provide organizations with a comprehensive solution that powers the entire transaction journey and enables them to have a seamless experience for their end users. Any organization that views the streamline digital financial interaction coupled with the instant payments capability as a competitive advantage will be a great fit for Zūm Rails.”
https://techcrunch.com/2024/02/22/zum-rails-banking-as-a-service-fednow-fintech/