ClearBank Embedded Banking vs Railsr
ClearBank Embedded Banking
clear.bankRailsr
railsr.comSide by side
| Figure | ClearBank Embedded Banking | Railsr |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | — | Yes |
| API | Yes | Yes |
| Plans published | 1 | 6 |
| Spec score · Banking-as-a-Service Platforms | 7.8 (#10) | 8.2 (#5) |
| API integration | The API offering includes a simulation environment, webhook configuration for real-time notifications and a developer portal. | Railsr positions its APIs as a way to place financial capabilities inside a brand's digital experience while Railsr remains behind the scenes. |
| Founded | 2016 | 2016 |
| Headquarters | London, United Kingdom | The 2023 sale announcement says Railsr would remain headquartered in London's City. |
| What it does | ClearBank provides regulated banking infrastructure so businesses can offer financial products under their own brand without becoming a bank. | Railsr provides embedded-finance infrastructure that companies integrate into their own customer journeys. |
Plans
Railsr
- LearnFree
- Live Sandbox APIFree
- Play Sandbox APIFree
- LaunchPriced on request
- PrototypePriced on request
- ScalePriced on request
In their own words
ClearBank Embedded Banking
ClearBank Embedded Banking has no write-up on Specifiction yet; its figures are above.
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.