{"id":22368,"date":"2025-03-24T19:30:09","date_gmt":"2025-03-24T17:30:09","guid":{"rendered":"https:\/\/forklog.com\/en\/visa-on-chain-card-issuer-secures-25-million\/"},"modified":"2025-03-24T19:30:09","modified_gmt":"2025-03-24T17:30:09","slug":"visa-on-chain-card-issuer-secures-25-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/visa-on-chain-card-issuer-secures-25-million\/","title":{"rendered":"Visa On-Chain Card Issuer Secures $25 Million"},"content":{"rendered":"<p>Rain, the company behind Visa&#8217;s on-chain cards, has announced raising $24.5 million in a funding round led by Norwest Venture Partners.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Excited to announce $24.5M in new funding for Rain led by <a href=\"https:\/\/twitter.com\/NorwestVP?ref_src=twsrc%5Etfw\">@NorwestVP<\/a> with participation from new investors <a href=\"https:\/\/twitter.com\/galaxyhq?ref_src=twsrc%5Etfw\">@Galaxyhq<\/a>, <a href=\"https:\/\/twitter.com\/CompoSecure?ref_src=twsrc%5Etfw\">@CompoSecure<\/a>, Goldcrest, Vinyl, <a href=\"https:\/\/twitter.com\/BDMIFund?ref_src=twsrc%5Etfw\">@BDMIFund<\/a>, <a href=\"https:\/\/twitter.com\/LatitudeCapital?ref_src=twsrc%5Etfw\">@LatitudeCapital<\/a>, Thayer and <a href=\"https:\/\/twitter.com\/_hardyaka?ref_src=twsrc%5Etfw\">@_hardyaka<\/a>, and existing investors <a href=\"https:\/\/twitter.com\/lightspeedvp?ref_src=twsrc%5Etfw\">@lightspeedvp<\/a>, <a href=\"https:\/\/twitter.com\/cbventures?ref_src=twsrc%5Etfw\">@cbventures<\/a>, and <a href=\"https:\/\/twitter.com\/CanonicalCrypto?ref_src=twsrc%5Etfw\">@CanonicalCrypto<\/a>.\u2026 <a href=\"https:\/\/t.co\/q7QjkKAaXa\">pic.twitter.com\/q7QjkKAaXa<\/a><\/p>\n<p>\u2014 Rain (@raincards) <a href=\"https:\/\/twitter.com\/raincards\/status\/1904146774454858047?ref_src=twsrc%5Etfw\">March 24, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Other participants include Galaxy, CompoSecure, Goldcrest, Vinyl, BDMIFund, LatitudeCapital, Thayer, and Hard Yaka.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;As the adoption of stablecoins continues to grow, providing diverse use cases such as cross-border payments, remittances, and dollar savings, the demand for seamless stablecoin use in everyday transactions is also increasing,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>The company noted that over the past 12 months, revenue has increased 15-fold, and their cards are accepted in more than 100 countries.<\/p>\n<p>Rain&#8217;s representatives did not specify the intended use for the funds raised.<\/p>\n<p>According to a recent <a href=\"https:\/\/www.raincards.xyz\/blog\/how-rain-is-powering-the-415b-digital-finance-market-in-latin-america\">report<\/a> by the firm, their client base in Latin America alone exceeds 600 million people. Between July 2023 and June 2024, approximately $415 billion in cryptocurrency flowed through the region, accounting for 9.1% of global activity.<\/p>\n<p>Back in October 2024, Rain and Avalanche <a href=\"https:\/\/forklog.com\/en\/news\/avalanche-unveils-visa-payment-card\">introduced<\/a> a payment on-chain card.<\/p>\n<p>Previously, ForkLog released a piece dedicated to payment cards for digital asset transactions:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rain, the company behind Visa&#8217;s on-chain cards, has announced raising $24.5 million in a funding round led by Norwest Venture Partners. Excited to announce $24.5M in new funding for Rain led by @NorwestVP with participation from new investors @Galaxyhq, @CompoSecure, Goldcrest, Vinyl, @BDMIFund, @LatitudeCapital, Thayer and @_hardyaka, and existing investors @lightspeedvp, @cbventures, and @CanonicalCrypto.\u2026 pic.twitter.com\/q7QjkKAaXa [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1198,1133],"class_list":["post-22368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-payments","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"67","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22368"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22367"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}