About Railz

Railz provides a single API that integrates with the majority of accounting software service providers used by small businesses. 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 existing and new customers’ accounting software systems and are solving the traditional challenges the Small Business lending market has seen for years with respect to time, cost and risk.

Location: Toronto

Year Founded: 2020

Vertical: Lending / Borrowing

Employees: 11 – 50

Website: Railz

Social Media:

Problem

Problem #1, Time – it can take weeks, even months, to manually receive and manage financial data from Small Business customers to i) assess and review a loan/credit application and ii) manage existing portfolio clients.

Problem #2, Cost – internal builds carry significant infrastructure and maintenance costs…and take forever. Available third-party ERP solutions require costly and lengthy implementation processes. Alternative is manual data collection from humans…the most expensive resource of all.

Problem #3, Risk – i) manual data collection increases the risk of data omissions, errors and loss…accidentally and/or intentionally. ii) Increased chance of misrepresentation and potentially even fraud, if data source is unknown. Not having access to accurate real-time data can create a false sense of a business’s true financial health.

Core Benefits

No need to modify business operations, tech infrastructure or current workflow processes. Railz can be up and running in a morning. Benefits of using Railz include:

√ Increased accuracy of the financial data received
√ 75% reduction in Fraud
√ 84% increase in customer Conversion Rates
√ Significant time savings via manual labor reduction
√ 53% reduction in Cost

One API gets you up and running quickly…SIMPLE

Ideal Customers

Businesses (B2B)

Milestones

• Technology is in-market today and powering a number of programs, including within the Canadian Federal Government. Technology was acquired by Railz in a direct asset purchase and is tried, tested and commercially ready.
• Two customers signed pre-launch.
• Secured Angel round investment of approximately 800k in less than 2-weeks.
• Network of Advisors and corporate ambassadors include a number of tech CEO’s, former FI CEO’s as well as C-level FinTech executives in Silicon Valley.