PANews reported on March 24 that according to Fortune, the card-issuing company Rain has completed a $24.5 million financing round, led by Norwest Venture Partners, with participation from Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Rain's valuation in this round has not been disclosed. Rain is a company that issues debit and credit cards, allowing customers to settle payments using stablecoins. Rain will use the funds raised in this round to expand its team, develop new technologies, and apply for additional regulatory permits.
