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Zūm Rails raises $10.5m in Series A funding

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.”

Tags

payments, open banking, real time payments