Stablecoin card platform Rain has acquired Ansa, a branded stored-value and closed-loop payments provider. Ansa's team will join, with founder and CEO Sophia Goldberg named head of payments. Ansa offers prepaid wallets for merchants, enabling Mastercard spending at POS terminals. Rain plans to expand stored-value use cases with its Visa and Mastercard issuing. Ansa had raised about $19.4 million.
Stablecoin card issuer Rain has acquired Ansa, a startup that sells software for merchant-branded prepaid wallets. The deal adds a fiat-based stored-value product rather than a stablecoin system: Ansa’s wallets hold prepaid dollar balances that customers load in advance and spend with the issuing brand. Rain said it plans to combine those balances with its Visa and Mastercard issuing stack so funds can also be used outside the original merchant, while bringing wallets, rewards and stablecoins onto one platform. Ansa was founded in 2022 by former Adyen manager Sophia Goldberg and former Affirm engineer JT Cho. The company emerged from stealth in April 2023 with $5.4 million led by Bain Capital Ventures, then raised a $14 million Series A led by Renegade Partners in April 2024, bringing disclosed funding to $19.4 million. Goldberg will join Rain as head of payments. Rain also tied the acquisition to agentic commerce, saying programmable stored balances with limits on who can spend, where, and by when map to the same core primitive as the scoped cards it offers for AI agents. The acquisition marks Rain’s second purchase in nine months, following its Uptop deal in November 2025.
