On February 22, 2024, Zūm Rails announced it closed a $10.5 million Series A round. This all-equity round was led by Arthur Ventures. The company plans on utilizing the funding towards its payment platform designed to merge open banking with instant payments.
Zūm Rails is a fintech start-up that focus on offering payment products.
Osler, Hoskin & Harcourt LLP advised Zūm Rails with a team consisting of Raphaël Amram, Michèle Orr Gaucher and Sarah Miles (Emerging and High Growth Companies).