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 ...