Bankly vs Railsr
Bankly
bankly.com.brRailsr
railsr.comSide by side
| Figure | Bankly | Railsr |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Plans published | 0 | 6 |
| Spec score · Banking-as-a-Service Platforms | 7.5 (#19) | 8.2 (#5) |
| Cards | The card platform supports issuance, processing and management of customized Mastercard cards. | Railsr offers debit, prepaid, credit and virtual card capabilities, including card production, processing, lifecycle controls and mobile-wallet support. |
| Headquarters | São Paulo, Brazil | The 2023 sale announcement says Railsr would remain headquartered in London's City. |
| Licensing | Bankly says it is licensed by Brazil’s Central Bank to operate as a Payment Institution and identifies its bank code as 332. | The PayrNet FAQ lists a UK electronic money institution licence, number 900594. |
| Product | Bankly provides a modular Banking as a Service platform for companies to build financial products such as digital accounts, Pix, cards, boletos and TED transfers. | Railsr describes itself as a global embedded finance platform for banking, wallets and cards. |
| Support | Bankly describes account managers, Technical Account Managers who help with API integration and production approval, and a technical Service Desk available 24 hours a day, seven days a week. | Existing customers are directed to log in to a service portal to raise support tickets. |
Plans
Railsr
- LearnFree
- Live Sandbox APIFree
- Play Sandbox APIFree
- LaunchPriced on request
- PrototypePriced on request
- ScalePriced on request
In their own words
Railsr
Railsr is an embedded finance platform for companies adding financial services to digital products. Its capabilities include wallets and accounts, debit, prepaid, credit and virtual cards, money transfers and reward programmes. Railsr says its APIs place these services within a brand’s digital journey, with the platform operating behind the scenes. It packages close to 100 integrations under a single API and commercial agreement. Developers can use the Play Sandbox API, a functional coding environment that uses fake money. The platform is offered through API and web and lists fintechs, sports clubs, retailers and brands among its intended customers. A free plan and trial are listed, while other pricing is available on request. For regulated services, customers contract with PayrNet, Railsr’s wholly owned subsidiary; Railsr provides technology services. Railsr says new agents or distributors cannot be onboarded without prior written FCA consent.