D Squared Capital Limited, Moneta Seeds Ltd, Ventura Capital acquired Railsbank Technology Ltd on March 9, 2023. The transaction included Railsr's pioneering embedded finance platform and banking-as-a-service business, as well as a number of subsidiaries in its group, including several of its international subsidiaries and its UK regulated subsidiary, PayrNet Limited, an authorised electronic money institution regulated by the Financial Conduct Authority. Rick Haythornthwaite will remain as Chair of the Board of Railsr. The change of control has been agreed with the Financial Conduct Authority in the UK. Will Gunston, Nigel Boobier, Douglas Hawthorn, Paul Anning, Paul Harris, Eric Romba, and Tomasz Olkiewicz of Osborne Clarke, TGS Baltic, Raja, Darryl & Loh, Disini & Disini Law Office, and Lowenstein Sandler acted as legal advisors to Railsr.

D Squared Capital Limited, Moneta Seeds Ltd, Ventura Capital completed the acquisition of Railsbank Technology Ltd on March 9, 2023.