Venture In The South
E92: Rainforest wins the Early Stage at VentureAtlanta 2023
Today's episode marks the third and final installment of interviews with the triumphant winners at VentureAtlanta 2023. Rainforest emerged victorious in the Early Stage pitch competition by addressing a significant gap in the Embedded Payments space. Founder and CEO Joshua Silver sheds light on the practical challenges faced by vendors and retailers in the realm of embedded payments and elaborates on how Rainforest is pioneering solutions through their white-labeled embedded payments platform. Joshua, a seasoned entrepreneur with a successful exit in the payments sector and extensive experience in embedded payments, recently shared the motivation behind starting Rainforest in a compelling blog post.
Despite being a relatively young company at just two years old, Rainforest has built an impressive customer base in the small and medium-sized business (SMB) sector. Their straightforward business model revolves around delivering excellent service with fixed transaction-based fees, devoid of subscription requirements or long-term contracts. The company's momentum is evident, having successfully concluded an oversubscribed $8.5 million Seed round and secured $3.25 million in Venture Debt in Q3 of 2023, positioning them squarely on the path to sustained growth.
Follow David on LinkedIn or reach out to David on Twitter/X @DGRollingSouth for comments.
Follow Paul on LinkedIn or reach out to Paul on Twitter/X @PalmettoAngel
We invite your feedback and suggestions at www.ventureinthesouth.com or email david@ventureinthesouth.com. Learn more about RollingSouth at rollingsouth.vc or email david@rollingsouth.vc.
Today's episode marks the third and final installment of interviews with the triumphant winners at VentureAtlanta 2023. Rainforest emerged victorious in the Early Stage pitch competition by addressing a significant gap in the Embedded Payments space. Founder and CEO Joshua Silver sheds light on the practical challenges faced by vendors and retailers in the realm of embedded payments and elaborates on how Rainforest is pioneering solutions through their white-labeled embedded payments platform. Joshua, a seasoned entrepreneur with a successful exit in the payments sector and extensive experience in embedded payments, recently shared the motivation behind starting Rainforest in a compelling blog post.
Despite being a relatively young company at just two years old, Rainforest has built an impressive customer base in the small and medium-sized business (SMB) sector. Their straightforward business model revolves around delivering excellent service with fixed transaction-based fees, devoid of subscription requirements or long-term contracts. The company's momentum is evident, having successfully concluded an oversubscribed $8.5 million Seed round and secured $3.25 million in Venture Debt in Q3 of 2023, positioning them squarely on the path to sustained growth.
Follow David on LinkedIn or reach out to David on Twitter/X @DGRollingSouth for comments.
Follow Paul on LinkedIn or reach out to Paul on Twitter/X @PalmettoAngel
We invite your feedback and suggestions at www.ventureinthesouth.com or email david@ventureinthesouth.com. Learn more about RollingSouth at rollingsouth.vc or email david@rollingsouth.vc.