Global banking platform Railsbank wins ‘Best fintech startup’ at MoneyConf

UK startup Railsbank has been named winner of PITCH 2018 at MoneyConf, Web Summit’s fintech conference.

This year’s PITCH competition saw more than 100 entries from across the world. Railsbank was one of the top 21 startups to pitch in front of investors and media during the two-day fintech conference in Dublin.

Web Summit CEO & Co-founder, Paddy Cosgrave, announced Railsbank as PITCH 2018 winners after the company battled through three rounds. Railsbank is an open banking and compliance platform that will give companies access to global wholesale banking services.

The UK startup was co-founded by Nigel Verdon, who previously set up money exchange and payments platform Currencycloud.

Railsbank stood out in MoneyConf for its quality of pitching, its established relationships with banks and how it provides its platform with just five lines of code. Through its API, companies can access Railbank’s core platform alongside a range of wholesale financial services.

Brad van Leeuwan, Head of Partner Network at Railsbank: “This is a major validation for our team and our partners. Winning PITCH at MoneyConf is going to help us not only get our message out there but hopefully get the product to market even faster.”

Paddy Cosgrave, CEO & Co-founder of Web Summit and MoneyConf said: “It’s inspiring to see startups pitch to some of the most influential figures in fintech. Railsbank was a cut above the rest at MoneyConf this year and I’m really looking forward to seeing where they go in the future.”

PITCH brings together the world’s leading early-stage startups for a live on-stage battle.