Rainforest builds a purpose-built embedded payments stack and service specifically for vertical software platforms, offering low-code integration, merchant portability, transparent pricing, and a no-risk model. Its product includes embeddable chargeback management, advanced ACH with real-time bank validation, real-time BIN lookup, partial authorizations, and a Forward API for secure data sharing. The company serves a range of verticals including healthcare, non-profit donation management, professional services, and youth sports, and counts nearly 100 software platforms as customers. Rainforest processes billions of dollars in annual payment volume and reported more than 10x revenue growth year-over-year since its last round. Customer outcomes cited include margin expansion (21 to 54 basis points), 1600+ merchants migrated in weeks, a 16% card-volume lift from UI optimizations, HSA/FSA auth rate improvements (<30% to 94%), and a 90% reduction in chargebacks due to fraud. Future plans called out in the articles include hiring, geographic expansion to Canada, and product development such as tap-to-phone, alternate payment methods, and fintech orchestration. Rainforest builds payments-as-a-service that embeds payment processing into other software platforms, helping SaaS companies build and optimize embedded financial services. The company offers white-glove service and handles risk management, merchant onboarding and compliance, with a consumption-based revenue model that earns a small percentage of each transaction. In the past six months it says it grew payment volume 17x, signed "dozens" of platform customers across industries, and landed CRM/marketing automation provider Keap (200,000 users; processes billions in payments). The two-year-old Atlanta-based company has about two dozen employees and says its valuation has increased by more than 2x, declining to share specifics. On the product side Rainforest added support for Apple Pay, 3DS, Plaid and instant bank verification to boost adoption and reduce fraud. The company plans to use new capital to double down on product and support as it competes with Stripe, FIS and Fiserv for embedded payments in mid-market SaaS. Rainforest, founded in 2022 and based in Atlanta, offers a payments-as-a-service (PaaS) product built specifically for software platforms with low-code integration, merchant portability and white-glove service. The company bears risk and compliance burdens for its software customers and uses a consumption-based revenue model, taking a small percentage of each transaction. Rainforest says it has secured client commitments representing more than $500 million in processing, with much of the volume guaranteed. Its customers include PayGround, RoadSync, Curae, Rose Rocket and QuoteMachine across verticals such as healthcare, logistics, membership management, nonprofit and retail. The startup competes with modern processors and platforms like Stripe as software platforms migrate from legacy processors. Rainforest plans to use the funding to invest in product development, strategic hiring, expand product breadth through partnerships with banking-as-a-service and lending-as-a-service providers, and emphasize data portability via contractual ownership of client onboarding data. The company currently has just under two dozen employees, up from about one dozen the prior year.

Total raised

$61M

Funding rounds

4

Latest round

Series B

Latest activity

Sep 2025