Stablecoin card issuer Rain acquires merchant wallet company Ansa

Comparatively, stable coin card issuing and payment platform Rain announced the acquisition of Ansa, a brand stored value and closed-loop payment platform. The Ansa team will join Rain, and its founder and CEO Sophia Goldberg will be the head of Rain Payments.

Ansa provides merchants with branded prepaid wallets and incentive tools, and supports the use of stored value balances through Mastercard tracks on existing POS terminals. Rain plans to combine its Visa and Mastercard card issuers to expand stored value balances to more merchant scenarios and integrate them with wallet, rewards, and stablecoin functions. Ansa previously raised approximately $19.4 million in cumulative funding.