Company
Date Published
Author
Circle Ventures
Word count
747
Language
English
Hacker News points
None

Summary

Circle Ventures' interview with Rain founders Farooq Malik and Charles Naut explores the inception and mission of Rain, a company that offers corporate cards and expense management tools to bridge traditional financial systems with the Web3 ecosystem. Rain was inspired by the growing needs of DAOs and Web3 companies for efficient payment solutions, initially starting as a side project to integrate USDC into e-signature flows. The founders emphasize the importance of capital efficiency for DAOs and the challenges of adopting Web3 payments, which are not yet fully equipped for mainstream use. They highlight that the industry faces significant payment hurdles and the necessity of bridging traditional and futuristic payment networks. The founders express a commitment to innovating within this rapidly evolving space and encourage fellow entrepreneurs to seize the abundant opportunities in Web3, emphasizing a shared community spirit focused on innovation and discovery.