Internship
Rain
11-50 employees
Spend management platform for Web3 organizations
No salary listed
Remote in USA + 1 more
More locations: New York, NY, USA
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- Experience with Javascript, React, Typescript, NextJS, Tailwind, NodeJS (a subset of these works too)
- A builder mentality, someone who experiments with side projects
- Current college student
- Be a critical part of the technical and product roadmap.
- Build products across our stack (using React, Typescript, NextJS, Tailwind, NodeJS)
- Help drive the technical roadmap and architectural decisions as we grow
- Interact with smart contracts across on multiple chains
- Fintech experience (neobank or card issuing experience gets extra brownie points)
- Experience with dApps
Rain provides a spend management platform designed for decentralized organizations operating in the Web3 ecosystem. This platform allows users to manage their finances by integrating digital assets with traditional fiat currency systems, enabling seamless transactions. Rain's technology utilizes blockchain infrastructure to facilitate instant and secure payments, allowing members to make real-world purchases quickly. Unlike traditional fintech solutions that rely on outdated systems, Rain offers a modern approach tailored for Web3 projects, ensuring efficient financial operations without sacrificing the ability to transact with conventional merchants. The company generates revenue by partnering with licensed card issuers, providing various custody solutions, and creating a direct payment pipeline that connects Web3 companies with vendors. Rain's goal is to empower Web3 teams to manage their finances effectively while maintaining interoperability with traditional financial systems.
Company Size
11-50
Company Stage
Early VC
Total Funding
$30.5M
Headquarters
New York City, New York
Founded
2021
Simplify's Take
What believers are saying
- Rain raised $245M to enhance payment solutions and boost blockchain adoption.
- Rain's expansion into Europe, the US, and Latin America increases its market presence.
- Partnerships with DeFi platforms provide additional liquidity options for Rain's users.
What critics are saying
- Increased competition from companies like Nuvei threatens Rain's market share in Latin America.
- Rapid expansion may strain Rain's operational capabilities, risking potential service disruptions.
- Reliance on stablecoins exposes Rain to regulatory risks amid global scrutiny.
What makes Rain unique
- Rain offers a secure spend management platform for decentralized organizations like DAOs.
- Rain leverages blockchain infrastructure for instant, secure transactions, unlike traditional fintech products.
- Rain integrates digital assets with fiat systems, ensuring seamless transactions with traditional merchants.
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Benefits
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%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.
Crypto Visa card startup Rain raises $24.5 million from Norwest, Galaxy and Coinbase Ventures.