When was Railz founded?

Railz was founded in 2020 and raised its 1st funding round within a year of its incorporation.

Where is Railz located?

Railz is headquartered in Toronto, Canada.

Who is the current CEO of Railz?

Sohaib Zahid of Railz. They have also founded 1 company.

How many employees does Railz have?

As of Aug 31, 2026, the latest employee count at Railz is 7.

Is Railz a funded company?

Railz is a funded company, having raised a total of $15.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2020.

When was the latest funding round of Railz?

Railz's latest funding was a $***** Series A round on Jun 03, 2021, with participation from 1 investor.

Where does Railz rank among its competitors?

Railz ranks 7th amongst 54 active competitors, of which 12 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Open Ledger, which secured $3M in Apr, 2025.

Who are the top competitors of Railz?

Railz's top competitors include Codat, LiveFlow and Rutter. Among them, Open Ledger secured the most recent funding round in April, 2025.

Railz - 2026 Company Profile, Team, Funding & Competitors

Company Details

Railz provides data as a service accounting for businesses. It features solutions for financial planning & analysis, forecasting, reports creation, valuation, accounting transaction, risk & fraud metrics, and more. It provides services to multiple sectors including banking, lending, accounting & audit, e-commerce, and more.

Website: railz.ai
Social

Key Metrics

Founded Year

2020

Location

Toronto, Canada

Stage

Series A

Total Funding

$15.1M in 3 rounds

Latest Funding Round

Series A, Jun 03, 2021, $*****

Investors

FIS & 14 more

Ranked

7^th among 54 active competitors

Employee Count

7 as on Aug 31, 2026

Similar Companies

Codat & 69 more

View Railz's full profile

Railz has raised a total funding of $15.1M over 3 rounds. Its first funding round was on 2020. Its latest funding round was a Series A round on Jun 03, 2021 for $*****. 1 investor participated in its latest round. Railz has 15 institutional investors.

Here is the list of recent funding rounds of Railz:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 03, 2021	1859152	Series A	7801090	1963557	8388546	6010364
May 06, 2021	4833385	Series A	1611660	6041444	6685729	Susa Ventures & 6 more
2020	6959	Seed	9455	1921	1839	7482

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View details of Railz's funding rounds and investors

The founders of Railz are Derek J. Manuge and Sohaib Zahid.

Here are the details of Railz's key team members:

Derek J. Manuge: Co-Founder & CTO of Railz.
Sohaib Zahid: Co-Founder & CEO of Railz and founder of 1 other company.

View details of Railz's Founder profiles and Board Members

Railz's employee count trend

Railz has 7 employees as of Aug 26. Here is Railz's employee count trend over the years:

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Top competitors of Railz include Codat, LiveFlow and Rutter. Here is the list of Top 10 competitors of Railz, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Codat 2017, London (United Kingdom), Series C	Developer of cloud-based financial analysis and forecasting solutions for small and medium businesses	$172M	Tiger Global Management, American Express ... & 52 others	69/100
2nd	LiveFlow 2021, Redwood City (United States), Series A	Cloud-based financial automation and accounting data integration platform for businesses	$17.1M	Valar Ventures, Y Combinator & 6 others	54/100
3rd	Rutter 2019, San Francisco (United States), Series A	API-based finance and accounting management platform	$28.5M	Y Combinator, Andreessen Horowitz & 11 others	54/100
4th	Serensia 2004, Paris (France), Acquired	Digitization and automation of administrative and accounting processes	$3.51M	Financiere Fonds Prives	47/100
5th	Helu 2020, Vienna (Austria), Series A	Accounting data management platform for businesses	$15M	Atlantic Labs, CommerzVentures & 9 others	44/100
6th	Cognaize 2018, Hamilton (United States), Series A	Provider of AI-powered document automation solutions for the financial industry	$20M	Argonautic, BAJ Accelerator & 4 others	42/100
7th	Railz 2020, Toronto (Canada), Series A	Data as a service accounting for businesses	$15.1M	Global Founders Capital, Rosecliff Ventures ... & 13 others	40/100
8th	Saafe 2021, Chennai (India), Seed	Platform for aggregated financial data management and sharing	$78.1K	-	40/100
9th	Wealthica 2015, Montreal (Canada), Funding Raised	Portfolio performance tracking platform	-	Bitnomic	39/100
10th	Open Ledger 2025, San Francisco (United States), Acquired	Developer of accounting application programming interface for software as a service	$3M	Blank Ventures	39/100