The Accountant Quits Podcast Episode 46 | Charles Naut from Rain on Crypto Corporate Cards
Many web3 projects have a significant portion of their treasury in crypto, and paying for expenses like travel bills, SaaS tools subscriptions can be a headache as offramping often comes with friction points.
Having spoken to a few founders in web3 startups & DAOs, often times these teams would rather pay for such expenses using their personal accounts, and then later get reimbursed.
But that’s a messy way to build a web3 project.
Enter Rain, a corporate card for web3 projects. Rain’s mission is to allow you to spend in crypto, without ever needing a fiat bank account.
Their platform is non-custodial, integrates with Gnosis Safe and allows you to have as many virtual cards as you’d like for your team.
On Episode 46, I spoke to its co-founder, Charles Naut.
Topics covered;
- Episode intro (00:39)
- Charles’s background and how he got interested with blockchain (2:25)
- Where the idea for Rain came from (4:24)
- Friction points around off-ramping today (10:00)
- How do crypto corporate cards work with off-ramping (11:19)
- ACH & Wire transfer possible with Rain (13:26)
- What is Rain, and its different features (15:44)
- Thank you to our sponsor Cryptoworth (17:29)
- Getting onboarded & due diligence requirements (19:24)
- Does Rain plan to offer rewards/cash-back programs? (20:51)
- Examples of web3 projects using Rain (22:54)
- Using virtual cards as a spend management tool (23:45)
- New model for expenses reimbursement (26:49)
- Thank you to our sponsor Web3CFO Club (28:44)
- Accounting integrations with Rain (31:01)
- How does Rain differentiate from competitors like Brex, Ramp, Reap, AirWallex (33:28)
- Challenges faced for adoption (35:10)
- Upcoming trends for crypto spend management (36:43)
- How to reach out to Charles (38:18)
Follow The Accountant Quits:
LinkedIN: linkedin.com/company/the-accountant-quits
Twitter: twitter.com/accountantquits
Follow Rain:
Twitter: https://twitter.com/raincards
Follow Charles Naut:
Twitter: https://twitter.com/cnaut
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Website
For show notes and past guests, please visit theaccountantquits.com/podcast/