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Payments provider聽Rainforest聽has raised $20 million to expand its embedded payments offering.The Atlanta-based company said it will use funds from the Series A round, led by Matrix Partners, to advance its technology and product offerings, expand its platform success team and launch new go-to-market initiatives. Rainforest helps software platforms grow revenue by embedding payments into their products, without introducing any risk or compliance complexities, the company said in a Wednesday June 26 news r <a href=https://www.cups-stanley.uk>stanley cup uk</a> elease. The company has achieved a stronghold amongst software companies processing $50 million 鈥?$2 billion in annual payments, a previously underserved segment. Since its seed round in 2023, Rainforest has increased its payment volume 17-fold, the release said, signing on dozens of platforms in sectors including trucking and logistics, healthcare, specialty retail and professional services.Rainforest founder and CEO Joshua Silver said the company is fi <a href=https://www.stanley-cup.cz>stanley cup</a> lling a need for mid-market firms created with Stripe shifting its focus to larger enterprises. These mid-market platforms tell us that, prior to Rainforest, it was impossible to find a payment provider that offers a full package of modern technology, <a href=https://www.stanleycups.co.nz>stanley nz</a> platform-friendly commercials, and high-touch support, said Silver.Elsewhere in the small and medium-sized business SMB and embedded payments space, recent research by PYMNTS Intelligence finds that while lenders across global economies are offering embedded lending, the da Griz China Refuses To Dial Back Tech Regulations
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