Crypto card issuer Rain completes $58 million Series B financing

Jinse Finance reported that crypto card issuer Rain has completed a $58 million Series B funding round, led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. According to another source, the annualized spending volume of Rain-supported bank cards has exceeded $1 billion.