-86%

est. 2Y upside i

FinTechSeries B

Rainforest is a Payments-as-a-Service (PaaS) provider. We help software companies build and optimize embedded financial services so that they can provide a best-in-class payments experience for their end merchants without the risk, compliance, and operational burdens of registering as a payments facilitator with the card networks.

Rank

#3651

Sector

Fintech

Est. Liquidity

~5Y

Data Quality

Data: Low

Given missing revenue and valuation data, analysis confidence is low.

Last updated: July 20, 2026

Bull (10%)-11%

Rainforest gains market share, exit multiple expands to 12x, exit value $140M, common recovers $82.5M after $57.5M preference, return -10.8% vs entry common equity $92.5M.

Base (35%)-87%

Exit multiple converges to 6x, exit value $70M, common gets $12.5M after preference, return -86.5%.

Bear (55%)-100%

Exit multiple compresses to 3x, exit value $35M, preference takes all, common recovers $0, return -100%.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

38%

$57.5M preference overhang represents 38% of entry valuation.

Dilution Risk

moderate

No imminent capital raise, but ongoing employee equity grants may dilute.

Secondary Liquidity

none

No secondary market data; likely illiquid.

Questions to Ask at the Interview

Strategic questions based on Rainforest's data — designed to show you've done your homework.

  • 1

    “How does Rainforest differentiate from Stripe and Adyen in embedded payments?”

  • 2

    “What is the current revenue run-rate and path to profitability?”

  • 3

    “What is the expected timeline to liquidity and potential exit scenarios?”

Community

Valuation Sentiment

Our model estimates -86% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.