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Evening Standard
Evening Standard
Business
Simon Hunt

Beleaguered London fintech Railsr agrees rescue sale in bid to avoid collapse

Struggling fintech Railsr is set to be rescued from collapse after it agreed a sale to a consortium of investors.

The London-based business has received a capital investment from a group including D Squared Capital, Moneta VC and Ventura Capital in a move that will allow it to continue trading uder a new entity, with the existing one being put into administration. The terms of the sale were not disclosed.

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