Rainforest, an embedded payment provider for software platforms, has secured $29m in an “oversubscribed” Series B funding round. The round was led by Matrix Partners and Infinity Ventures, with contributions from Accel and Tech Square Ventures, all of whom also participated in Rainforest's Series A. The company's total funding has now reached $57.5m. These funds will be directed towards hiring, expansion into the Canadian market, and the development of new payment technologies including tap-to-phone and ...

Core Insights - Nayax Ltd. announced a strategic partnership with Autel Energy to provide embedded payment solutions for electric vehicle (EV) charging technology [1][3] - Autel Energy reported a significant year-over-year revenue growth of 53% in its new energy charging business for 2024 [3] - The partnership aims to address the rising global demand for seamless charging infrastructure by integrating Nayax's payment solutions into Autel's EV chargers [4] Company Overview - Nayax is a global commerce enablement and payments platform that helps merchants scale their business through simplified payments and loyalty maximization [5] - As of June 30, 2025, Nayax operates 12 global offices, employs approximately 1,200 people, and connects with over 80 merchant acquirers [6] - Autel Energy is a leader in the development and manufacturing of EV charging solutions, focusing on performance, reliability, and driver experience [7] Partnership Details - Under the agreement, Nayax's payment solutions will be embedded in an estimated 100,000 EV chargers to be deployed across North America and Europe by the end of 2026 [4] - The collaboration is expected to simplify operations for site owners and enhance the convenience of charging for drivers [4]