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Railz Raises $15 Million to Fund Future Growth Share Article Railz.ai “While there are many players who focus on collecting data across various accounting packages, the challenge of understanding what the data actually means, and how to categorize it, continues to be a major hurdle for the users of this information. Sohaib Zahid, CEO of Railz TORONTO (PRWEB) May 06, 2021 Railz, developer of an API that enables financial institutions and fintechs real-time access to their customers’ accounting data, has raised $12 million (USD) in a Series A round of funding. This is on top of a $3.1 million seed round that closed at the end of 2020. This investment will enable Railz to expand their efforts by continuing to build out their sales and engineering teams. The most recent funding round was led by Nyca Partners, with participation from Susa Ventures, Vestigo Ventures, Entrée Capital Global ....
Railz, a Toronto, Canada-based developer of an API that enables financial institutions and fintechs real-time access to their customers’ accounting data, raised $12m in Series A funding. The round was led by Nyca Partners, with participation from Susa Ventures, Vestigo Ventures, Entrée Capital Global Founders Capital, Plug and Play Ventures, N49P and Hack VC. In conjunction with the funding, Jeremy Solomon, Partner at Nyca Partners, is joining Railz’ board. The company intends to use the funds to continue to build out their sales and engineering teams. Led by Sohaib Zahid, CEO, Railz provides a single API that integrates with all major accounting platforms used by small businesses, which enables on-demand access to financial transactions, analytics, insights and reports. This Data-as-a-Service solution provides direct access to small business customers’ accounting data and can be up and running in hours. ....
Nyca Partners Announces Promotions NEW YORK (PRWEB) February 17, 2021 Nyca Partners today announces that Jeremy Solomon has been named Partner and Sol Lee becomes Principal. Sol and Jeremy exemplify the energy, passion, expertise, and humanity that are foundational attributes of the firm. Their promotion is a recognition of both their high caliber and an expansion of the senior talent at Nyca. Jeremy joined at the beginning of the pandemic and quickly identified new investment opportunities shaped by immediate needs of financial companies, which led to investments in Blooma (CRE lending platform) and Railz (APIs for accounting data). Jeremy s passion for fintech began during his experience helping build an East African microfinance bank, where he saw the power of basic technology to provide fair and transparent financial products to the masses. He started his career as a financial services banker ....