Internship
Rain
11-50 employees
Spend management platform for Web3 organizations
No salary listed
New York, NY, USA
- 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 in the Web3 ecosystem, such as DAOs and blockchain projects. The platform allows these organizations to manage their finances by integrating digital assets with traditional fiat currency systems. Rain's technology enables instant and secure transactions, allowing users to make real-world purchases quickly. Unlike traditional fintech products that rely on outdated systems, Rain utilizes blockchain infrastructure to enhance transaction speed and security. The company differentiates itself by offering a solution that supports self-custody and institutional custody, partnering with licensed card issuers to facilitate payments. Rain's goal is to streamline financial management for Web3 teams, ensuring they can operate efficiently while maintaining the ability to transact with traditional merchants.
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 blockchain payment solutions and expand services.
- Partnerships with Visa boost Rain's credibility and user base.
- AI integration enhances fraud detection and transaction security on Rain's platform.
What critics are saying
- Regulatory scrutiny on stablecoins could impact Rain's operations and compliance costs.
- Increased competition from emerging Web3 platforms may erode Rain's market share.
- Rapid technological advancements could render Rain's current technology obsolete.
What makes Rain unique
- Rain bridges digital assets and fiat systems for seamless Web3 financial management.
- Rain offers instant transactions faster than traditional 2FA methods.
- Rain's platform supports self-custody and institutional custody solutions for Web3 teams.
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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
↓ -11%1 year growth
↓ -7%2 year growth
↓ -7%Positioned for Scale: With Rain handling the core infrastructure, Dakota can focus on acquiring new business customers and scaling up quickly without the burden of managing complex compliance or payment systems.
Rain has raised $75 million in Series B funding led by Prosus, with participation from Nextalia Ventures, Spark Growth Ventures, and others. This funding will help Rain expand its earned wage access services to more American workers. Since its founding in 2019, Rain has enabled over 2.5 million workers to access their earnings instantly and distributed over $2 billion in wages. The company plans to introduce new financial wellness solutions and employer tools.
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.