Railz provides a single API to all major accounting software (QuickBooks, Xero, Sage, etc.) service providers and enables on-demand access to financial transactions, analytics, insights and reports on Small Business customers. Our solution suits any lender, financial institution, accounting firm, auditor and tech developer that requires financial data on its Small Business customer for the purpose of reviewing a credit application or assessing the financial health of a business.
Our Data as a Service solution allows our customers to be up and running in hours. We provide quick, Low Cost and direct access to both your existing and new customers’ accounting software via our single API.
With Railz, we make things easy for you...
• No need to modify your business operations, tech infrastructure or workflow process
• No need to switch from your current ERP
• No need to rely on third-party data storage or off-premise software
• Setup is quick and non-invasive
One API gets you up and running quickly…SIMPLE
From our previous experiences in the Small Business lending space, we noticed that FI's spend most of their time on data collection and analysis when making a loan or capital decisions.
We were inspired to solve this problem by building a solution that would automate the data collection and analysis process so that accounting data could be used for real-time decision-making. We built an accounting data API to solve this, reducing FI decision-making time on loans by 20x vs. the traditional lending process.
We are on a mission to provide our accounting API Data as a Service solution, supported by our Machine Learning applications, for everyone in order to expand our focus beyond banking to every business that could benefit from having real-time accounting data on their Small Business customers.
Welcome to Railz.
Our Data as a Service solution allows our customers to be up and running in hours. We provide quick, Low Cost and direct access to both your existing and new customers’ accounting software via our single API.
With Railz, we make things easy for you...
• No need to modify your business operations, tech infrastructure or workflow process
• No need to switch from your current ERP
• No need to rely on third-party data storage or off-premise software
• Setup is quick and non-invasive
One API gets you up and running quickly…SIMPLE
From our previous experiences in the Small Business lending space, we noticed that FI's spend most of their time on data collection and analysis when making a loan or capital decisions.
We were inspired to solve this problem by building a solution that would automate the data collection and analysis process so that accounting data could be used for real-time decision-making. We built an accounting data API to solve this, reducing FI decision-making time on loans by 20x vs. the traditional lending process.
We are on a mission to provide our accounting API Data as a Service solution, supported by our Machine Learning applications, for everyone in order to expand our focus beyond banking to every business that could benefit from having real-time accounting data on their Small Business customers.
Welcome to Railz.
Location: Canada, Ontario, Toronto
Employees: 11-50
Total raised: $15M
Founded date: 2018
Investors 4
| Date | Name | Website |
| 23.02.2023 | Plug and P... | plugandpla... |
| - | Connetic V... | connetic.v... |
| - | Connetic V... | conneticve... |
| 08.06.2021 | Rosecliff ... | rosecliff.... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 27.05.2021 | Series A | $15M | - |
Mentions in press and media 10
| Date | Title | Description |
| 01.03.2022 | Fintech Company Provides Access to Normalized Financial Data; Interview with Sohaib Zahid Co-Founder and CEO at Railz.ai | Share Tweet Share Share Email Railz is a fintech company with the aim of building the largest financial data network. The company recently raised $15M in funding. Railz was accepted into the FIS 2021 Accelerator Program, while Visa announce... |
| 22.07.2021 | Prodigy Ventures : IDVerifact partners with Railz to prevent risk in accounting | TORONTO, July 22, 2021 /CNW/ - Prodigy Ventures Inc. (TSXV: PGV) ("Prodigy" or the "Company") today announced an agreement entered in between its wholly-owned subsidiary, IDVerifact Inc. and Railz, the leading Accounting... |
| 02.06.2021 | Fidelity National Information Services : Banking-as-a-Service, Authentication, and Lending Technologies Highlight Ten Growth-Stage Companies Chosen for 2021 FIS Fintech Accelerator Program | Key facts: FIS and The Venture Center announce the ten growth-stage fintech companies selected to take part in the 2021 FIS Fintech Accelerator program. Highlighted by solutions focused on authentication, lending and banking-as-a-service, t... |
| 27.05.2021 | Financial Data Company Railz Secures $15 Million | Railz, the developer of an API that enables financial institutions and fintechs real-time access to their customers’ accounting data, announced recently that it raised $12 million Railz — the developer of an API that enables financial insti... |
| 10.05.2021 | Fintech API firm Railz raises $12m in Series A funding round | Canada-based fintech API developer Railz has raised $12 million in a Series A funding round led by Nyca Partners. Railz has raised $15m since 2020 Other investors participating in the round include Susa Ventures, Vestigo Ventures, Entrée Ca... |
| 07.05.2021 | Today in funding: Railz, Relay Platform, Ferme d’Hiver, Optable, interVal | Five Canadian tech startups have recently secured fresh funding to fuel their growth. Here’s the latest on who raised money, how much, from whom, and what they plan to put the new capital toward. Railz raises $14.5 million CAD Series A roun... |
| 06.05.2021 | Railz Raises $15 Million to Fund Future Growth | 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 t... |
| 06.05.2021 | Railz Raises $15M in Series A Funding | 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 participatio... |
| 17.02.2021 | 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 attribute... |
| - | The Future of Finance is in Databases, Not Spreadsheets | Over the last decade, the software stack of companies has changed dramatically in many parts of the organization. We witnessed the rise of data-enabled software for sales, people, and marketing teams. Gong.io and Chorus use machine learning... |