Rain, a debit card issuer that allows stablecoin settlement, completed a $24.5 million financing, led by Norwest Venture Partners

According to Fortune, Rain, a company that issued debit and credit card issuing debit and credit card companies, completed a $24.5 million financing, led by Norwest Venture Partners, and participated in the investment. Galaxy Ventures, Goldcrest, Thayer and Hard Yaka. Rain's valuation in this round of financing has not been disclosed. Rain is a company that issues debit and credit cards that allows customers to settle payments in stablecoins. Rain will use the funds raised in this round to expand its team, develop new technologies and apply for additional regulatory licensing.