Rain, a global card issuing platform using Stablecoins, has secured $24.5 million in funding, led by Norwest Venture Partners.
Additional participants include existing investors such as Galaxy Ventures, Goldcrest, Thayer, Hard Yaka, and others such as Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital. になったんです。 English: The first thing you can do is to find the best one to do.
This investment will allow rain to increase interoperability with existing financial systems, expand its global presence, and promote its stable approval and settlement infrastructure.
The company has experienced significant growth over the past year, bringing 15x increases and transaction processing in more than 100 countries.
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Support for Visa
Rain also achieves major visa memberships and promotes card issuance across Europe, the US and Latin America. The vertically integrated issuance stack enables card programs to operate around the world, ensuring stable transactions.
The platform allows businesses to issue physical and virtual cards linked to various wallet types or traditional Fiat accounts, supporting native payments across multiple blockchain networks.
Norwest Venture Partners, a global investment company with capital of over $15.5 billion, has a history of supporting fintech innovation. Their portfolio includes investments in companies such as Plaid, which streamlines financial data access between banks and consumers.
Parkervalil, a partner at Norwegest Venture Partners, highlighted the importance of rain in the evolving financial environment. He noted that the company’s platform integrates compliance with digital currency flexibility and positions it as a leader in stable recruitment growth.
The funding highlights the growing interest in integrating stubcoin into mainstream financial services, and the potential for rain to fill the growing rainy digital currency ecosystem.
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