Rainforest raises $29m Series B for embedded payments
Summary
Rainforest closed a $29 million Series B round led by Matrix Partners and Infinity Ventures. The company builds embedded payments technology for vertical software platforms and plans to use the capital to speed up product development and customer support expansion. It also wants to launch new capabilities for Canadian merchants, including tap-to-phone, alternative payment methods, and orchestration tools. The firm says its product suite has grown quickly alongside strong revenue growth and live processing volume.
Funding
Amount
$29.0M
Total raised
Date
September 5, 2025
Announcement date
Investors
Toast, Accel, Infinity Ventures, Tech Square Ventures
Lead investors
Company
rainforestpay.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Payments Software
Embedded Finance
SaaS
Linked Companies
Rainforest
$1M to $5M