Rainforest

Overview
News
FinTech Infrastructure?
Product stageSegments
Seed
?
Payment and subscription management
?

Rainforest is a payments-as-a-service platform that helps software companies embed payments-related services into their core product offerings. The platform focuses on offering low-code integrations, merchant portability, and high-touch service and handles risk management, compliance, and merchant onboarding processes. It also claims to provide merchants with payment processing within days.

The platform operates an interchange plus pricing model and charges in the range of USD 0.20–0.30 per card transaction. It also charges USD 0.20 on ACH transactions.

In June 2024, Rainforest reported a 17x growth in payment volume since its seed funding in October 2023 and has onboarded software platforms, mostly with USD 50 million–2 billion in annual payments, across various industries, including trucking and logistics, healthcare, specialty retail, professional services, field services, donation management, and others.

HQ location:
Atlanta GA USA
Founded year:
2022
Employees:
11-50
IPO status:
Private
Total funding:
USD 31.8 mn
Last Funding:
USD 20.0 mn (Series A; Jun 2024)
Last valuation:
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Product Overview
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Company profile
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