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Rain raises $24.5m in new funding

New York based stablecoin-powered card issuing platform raised $24.5m in new funding led by Norwest Venture Partners.

This new funding allows us to increase interoperability with existing rails, expand our footprint, and invest in our stablecoin authorization and settlement infrastructure that continues to unlock growth for our partners,” said CEO Farooq Malik.

Tags

stablecoin, card issuing