Provides a payment processing platform with a robust API and low-code components for embedding transactions, reporting, chargebacks, and merchant onboarding into existing systems. It simplifies multi-directional payment flows, including card, ACH, and next-day funding, while handling compliance and risk management, enabling businesses to streamline operations and increase revenue without the associated complexities.
Funding
$31.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many platforms struggle to efficiently manage multi-directional payment flows, including cards, ACH, and faster payments, leading to increased operational complexity and potential revenue loss. Integrating these payment functionalities often requires significant development effort and navigating complex compliance and risk management requirements.
Solution
Rainforest provides a payment processing platform designed to simplify embedding payments into existing platforms, enabling businesses to streamline operations and increase revenue. The platform offers a robust API and low-code components for integrating transactions, reporting, chargebacks, and merchant onboarding. It supports multi-directional payment flows, including card, ACH, and next-day funding, while managing compliance and risk, allowing platforms to focus on their core business. Rainforest offers a fully white-labeled experience, putting platforms in charge of the merchant relationship and data ownership.
Target Audience
Rainforest primarily targets vertical SaaS platforms seeking to embed payment processing capabilities into their existing products to generate additional revenue streams and improve user experience.
Features
- Configurable, low-code components for payments, reporting, chargebacks, and merchant onboarding
- Robust API with detailed guides, end-to-end sandbox testing, and real-time API logs
- Real-time merchant onboarding
- Next-day funding
- Single integration and deposit for card and ACH payments
- Card present functionality, including EMV and tap
- Transaction monitoring and merchant KYC