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 Review If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes. Website For show notes and past guests, please visit theaccountantquits.com/podcast/