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About Rain
Industries
Fintech
Crypto & Web3
Company Size
11-50
Company Stage
Early VC
Total Funding
$30.5M
Headquarters
New York City, New York
Founded
2021
Overview
Rain offers a spend management platform for decentralized organizations in the Web3 ecosystem, allowing them to manage finances by integrating digital assets with traditional fiat systems. The platform enables instant and secure transactions, making it faster for users to make real-world purchases compared to traditional financial methods. Unlike competitors, Rain focuses specifically on the needs of Web3 projects, utilizing blockchain technology to streamline financial operations. The company's goal is to empower Web3 teams to operate efficiently while maintaining the ability to transact with traditional merchants.
Simplify's Take
What believers are saying
- Rain raised $245M to enhance blockchain payment solutions and expand services.
- Rain's partnerships with Visa and others boost its market presence and credibility.
- Expansion into Europe and Latin America increases Rain's global footprint.
What critics are saying
- Increased competition from Nuvei and others threatens Rain's market share.
- Regulatory scrutiny in the US and Europe could impact Rain's operations.
- Partnership reliance exposes Rain to risks from partner performance and compliance.
What makes Rain unique
- Rain bridges digital assets and fiat systems for seamless Web3 transactions.
- Rain offers secure spend management for DAOs and decentralized organizations.
- Rain uses blockchain infrastructure for instant, secure transactions, unlike traditional fintech.
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Funding
Total Funding
$30.5M
Above
Industry Average
Funded Over
2 Rounds
Lightspeed Venture PartnersBenefits
Unlimited Paid Time Off
Flexible Work Hours
Health Insurance
Life Insurance
Equity Plan
Wellness Program
Team Summits
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -4%2 year growth
↑ 0%Two standout companies, Tabit Insurance and Rain, collectively raised over $64 million.
Rain, a stablecoin-based card issuer, has raised $245 million to enhance its payment solutions and boost blockchain adoption in financial transactions. This funding will help Rain expand its services and bridge the gap between digital currencies and traditional financial systems, positioning the company as a leader in the evolving payment landscape.
With this capability, Rain is expanding its presence in Europe while scaling its card issuance operations across the United States and Latin America.
Rain has previously launched on-chain Visa cards for blockchain networks such as Optimism and Avalanche.
On Monday, Rain announced that it secured $24.5 million in a funding round led by Norwest Venture Partners, with participation from Galaxy Digital, Coinbase Ventures, and Lightspeed.
Rain is Hiring for 8 Jobs on Simplify!
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About Rain
Industries
Fintech
Crypto & Web3
Company Size
11-50
Company Stage
Early VC
Total Funding
$30.5M
Headquarters
New York City, New York
Founded
2021
Rain is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today