Rain Acquires Merchant Wallet Company Ansa

The stablecoin card issuance and payment platform Rain has announced the acquisition of the brand prepaid and closed-loop payment platform Ansa. The Ansa team will join Rain, with its founder and CEO Sophia Goldberg taking on the role of Head of Payments at Rain. Ansa provides merchants with branded prepaid wallets and incentive tools, allowing the use of stored value balances through Mastercard rails at existing POS terminals. Rain plans to leverage its Visa and Mastercard issuance capabilities to expand stored value balances to more merchant scenarios and integrate with wallet, rewards, and stablecoin functionalities. Ansa had previously raised approximately $19.4 million in funding.

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