Twice per week without fail:
Them with enthusiasm - “You’re from Kansas? I was in Kansas City once and it was nice.”
Me with equal enthusiasm - “KC is nice but I actually grew up 6 hours/370 miles from KC on a farm near a one stop light town.”
Them-
Onchain rails have proven their value.
Rain is making them usable by everyone, and keeping them invisible in the process.
Today, we’re announcing our $250M Series C at a $1.95B valuation to keep building.
🧵
See you there! Staying offsite is the way to go.
Reminds me of a vendor's CFO roundtable I attended this spring in Dallas. Every CFO said reducing non interest expense was a top 2 priority, yet almost all of them were staying onsite at the Ritz for $800/night. We drove 1 mile and paid 25% of that.
The forecast? Heavy Rain. ☔️
We’ve raised $58M in Series B funding—led by @SapphireVC with support from @Dragonfly_xyz, @galaxyhq, @SamsungNext, @lightspeedvp, @NorwestVP & Endeavor Catalyst.
Thanks to our team, partners, and investors for helping us rebuild global payments that flow the way they should.
🔗 https://t.co/K6Mixnw10l
🔗 https://t.co/PRe00EyNqi
🧵👇
Wyoming just launched FRNT—the first US state-issued, dollar-pegged stablecoin—and made it spendable from day one via a Rain-issued card.
The promise is huge:
✅ Instant tax refunds that are instantly spendable
✅ Streamlined social benefits that are easy to spend
✅ Automated vendor payouts that settle in seconds
Honored to be part of making history.
https://t.co/rO4fVSL1Or
We couldn't have made it this far without the unwavering support from our clients, partners and investors. The Rain team is going to be moving even quicker - building things many thought impossible.
It is still early. Can't wait to show you all that we have in store.
@commbankerguy We did 2) 3 years ago due to sub s # of shareholders and ownership entity restrictions. Ownership was onboard to grow and reinvest earnings. More flexibility for the future and can always issue pref shares for those that want dividend when you need more capital to grow.
KS and OK have ~10% of the US bank charters with most of those sub $2B, so statistically we’re likely to be in the small bank news more than you would expect given high bank per capita. I’m also for regulators having to justify enforcement by citing laws passed by congress vs. enforcement through internal memo & political vibes. Even if the bank is in the wrong, it takes courage to bring enforcement actions into the public arena.
Man if there’s ever something wild going on in a small bank…it seems like it’s a certainty that it’s happening in either Kansas or Oklahoma!
We’re awfully boring in the other 48 states…and that’s a compliment!
@shelbynewsad Agreed. A lot of stigma based on the old product feel and packaging, especially the round tin/plastic container. NickiStash has been a game changer there for discrete carrying in the workplace.
I sat down with a mentor of mine who's focused on growing his families' multigenerational businesses.
@cooper_clawson is a 5th generation banker, 5th generation farmer, serial entrepreneur, and angel investor. Check out the full interview 👇🏻
https://t.co/7lUJZRnPxU
@khaslett Agreed. They’re opening 2 branches in our backyard, and it will push the whole local banking ecosystem forward with better tech experiences for customers. Excited to compete.