PANews reported on March 24 that Rain, a company that issues debit and credit cards, has completed a $24.5 million financing round, led by Norwest Venture Partners, with participation from Galaxy Ventures, Goldcrest, Thayer and Hard Yaka. Rain's valuation in this round of financing has not yet been disclosed. Rain is a company that issues debit and credit cards, allowing customers to settle payments using stablecoins. Rain will use the funds raised in this round to expand its team, develop new technologies and apply for additional regulatory licenses.