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The encryption card issuer Rain has completed a $24.5 million financing round, led by Norwest Venture Partners.
Odaily News Rain, the encryption card issuer, announced the completion of a $24.5 million financing round, led by Norwest Venture Partners, with participation from Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Rain issues debit and credit cards, allowing customers to settle payments in stablecoin. The valuation of Rain in this financing round has not been disclosed. (Fortune)