Stablecoin issuer Rain acquires merchant wallet company Ansa

Stablecoin card issuance and payment platform Rain announced the acquisition of the branded stored value and closed-loop payment platform Ansa. The Ansa team will join Rain, and its founder and CEO Sophia Goldberg will serve as the head of payments at Rain.

Ansa provides merchants with branded prepaid wallets and incentive tools, supporting the use of stored value balances through Mastercard rails at existing POS terminals. Rain plans to combine its own Visa and Mastercard issuance capabilities to expand stored value balances to more merchant scenarios and integrate with wallets, rewards, and stablecoin functionalities. Ansa previously raised approximately $19.4 million.