Rainforest

Rainforest is an embedded payments provider founded in 2022 in Atlanta, United States, by Joshua Silver, previously head of the healthcare payments company Patientco. It sells payment facilitation as a service to vertical SaaS companies – software vendors serving one industry such as healthcare, trucking, field service or dealerships – so that they can process their own customers’ card and bank payments and earn processing revenue without registering as a payment facilitator or carrying the related compliance and settlement liability.

The platform covers merchant underwriting and real-time onboarding, acceptance of card, ACH, Apple Pay, PayPal and Venmo, terminals and tap-to-phone, next-day funding, chargeback and dispute handling, fraud monitoring and embedded reporting, with low-code interface elements delivered through Component Studio. Rainforest reported close to one hundred software platform customers, among them RoadSync, Rose Rocket, Payground, Hint Health, Materio and Quote Machine, and raised a USD 29 million Series B in September 2025 that brought total funding to USD 57.5 million.

1. PayFac-as-a-service: A software platform onboards and settles its own merchants without registering as a payment facilitator.

2. Real-time onboarding: Merchant applications are underwritten and approved through API in real time.

3. Payment methods: Card, ACH, Apple Pay, PayPal, Venmo, physical terminals and tap-to-phone in one integration.

4. Component Studio: Low-code embeddable components for checkout, merchant management and reporting.

5. Risk and disputes: Built-in fraud monitoring, compliance screening, chargeback handling and next-day funding.

6. Vertical SaaS base: Close to one hundred platforms including RoadSync, Rose Rocket, Payground and Hint Health.