Rainforest Pay is a Payments-as-a-Service (PaaS) provider founded in 2022. The company offers an embedded payments platform specifically designed for vertical SaaS companies, enabling them to integrate payment processing directly into their software products. Its platform provides white-labeled payment processing with pre-built, low-code components for functions such as merchant onboarding, card processing, and ACH transfers.
The company's technical work spans several domains central to modern financial technology: building and maintaining its embedded payments platform, developing low-code components for integration, and managing compliance and risk systems including KYC, fraud monitoring, and PCI compliance. These systems are designed to allow software companies to launch payments capabilities in days rather than the months such integrations typically require.
Rainforest Pay has raised a total of $49 million in venture funding, securing a $20 million Series A followed by a $29 million Series B round. The company focuses its services on the vertical SaaS industry, providing the infrastructure for software companies in specific sectors to monetize payments within their platforms.
