Leading this substantial capital infusion was Minneapolis-based growth equity firm Arthur Ventures, which specializes in B2B software.

The company offers an all-inclusive payments gateway that integrates rapid payments and open banking into a single, streamlined service, giving it a distinct competitive advantage in the financial technology industry. The fragmented U.S. payments landscape, which has lagged behind other economies in implementing open banking and quick payment methods despite advancing towards standardization, is addressed by this novel solution.

With the additional funding, Zūm Rails is prepared to grow, concentrating on the US market where it hopes to democratize access to open banking and instantaneous, FDIC-insured business payments. This involves adding new Banking-as-a-Service products and other features to improve its all-inclusive payment solution.

The core of Zūm Rails' strategy is its omni-rail approach, which supports a variety of payment requirements, from identity verification to accepting payments using Visa Direct, Mastercard, and other cards. This comprehensive solution reduces the risks related to payments while also streamlining the transaction process for businesses.


Marc Milewski, CEO and co-founder of Z\m Rails, said.