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Stock impact report

Rainforest lands $20M to challenge Stripe with embedded payments for SaaS providers [TechCrunch]

Fiserv, Inc. (FI) 
Last fiserv, inc. earnings: 2/25 07:00 am Check Earnings Report
Company Research Source: TechCrunch
Raising back-to-back rounds was more common in 2021 but we don't see it happening as often in this new environment. Rainforest's traction is likely what helped draw new investor Matrix Partners as well as returning backers Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures and Ardent Venture Partners. In total, the company has raised $31.75 million. In the past six months alone, Rainforest says it has grown its payment volume by 17x, signing on “dozens” of platforms across a variety of industries. The two-year-old Atlanta-based company also claims to have increased its valuation “by more than 2x” but declined to share specific numbers. CEO and founder Joshua Silver describes Rainforest as a payments-as-a-service provider that helps software companies “build and optimize” embedded financial services. It's hardly alone in its mission, but Silver contends that his startup does it in a way that helps its customers make more money while being purpose built for Show less Read more
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