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Rain, a blockchain-based card issuing and stablecoin interoperability platform, has successfully raised $24.5 million in a Series A funding round. The round was led by Norwest Venture Partners, with participation from notable investors including Galaxy Ventures, Coinbase Ventures, Lightspeed Venture Partners, and several others. Over the past year, Rain has reported a 15-fold growth and has processed payments in more than 100 countries. The company offers solutions for card programs through the Visa Network, enabling consumers and businesses to spend their stablecoins using debit and credit cards.
Web3 card and payment platform @raincards raised $24.50M in a funding round led by @NorwestVP, with participation from @galaxyhq, @LatitudeCapital, Thayer Ventures, @_hardyaka, @lightspeedvp, @cbventures, @CanonicalCrypto, @CompoSecure, Goldcrest Capital, @BDMIFund. https://t.co/FTzwJSN9Dy
In the past year alone, @raincards has grown 15x and processed payments in over 100 countries. We’re excited to back the company as it makes paying with digital currency easier, faster, and more accessible. More from our investors on why we’re all in: https://t.co/vsws5zvg6f https://t.co/kt97olBt1P
Crypto card issuer @raincards raises $24.5M from Norwest Venture and Coinbase Ventures New investors joining the round included Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Existing investors, including Lightspeed, Coinbase Ventures, and more. 👉 https://t.co/50XcT9k8aq https://t.co/Ami5vVPWVU
