Stablecoin firm Rain secures $250m series C
- ByStartupStory | January 13, 2026
Rain Hits Unicorn Status with $250M Series C to Power Global Stablecoin Payments
Rain, the enterprise infrastructure pioneer bridging stablecoins to everyday payments, has closed a massive $250 million Series C funding round led by ICONIQ Growth, catapulting its valuation to $1.95 billion – up 17x in just 10 months.
The round drew heavyweights like Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst, bringing Rain’s total capital to over $338 million. Coming just 4 months after its $58M Series B, the raise underscores explosive enterprise adoption of stablecoin rails amid regulatory clarity.
Stablecoins Meet Visa: Enterprise-Grade Magic
Founded in 2021 by Farooq Malik and team, Rain solves the “crypto usability” gap for Fortune 500s. Its full-stack platform lets enterprises issue:
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Compliant stablecoin cards accepted everywhere Visa works
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Digital wallets for employee/customer payouts
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Fiat-stablecoin ramps for seamless treasury operations
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Cross-border settlement at sub-second speeds, 1% fees
Unlike consumer crypto apps, Rain targets businesses moving billions: Western Union for remittances, Nuvei for merchant acquiring, KAST for ad payouts. Tech processes $3B+ annualized volume across 200+ partners, serving programs reaching 2.5 billion users.
Active card base exploded 30x YoY; payment volume surged 38x. Cards buy coffee or cloud credits – stablecoins work invisibly.
Capital Powers Global Domination
Rain deploys funds across three continents-spanning vectors:
Licensed Market Blitz: North America, LATAM, Europe, Asia, Africa expansions via local entity buildouts and strategic M&A. Stablecoin frameworks mature from Singapore to Brazil.
Platform Depth: Cards 2.0 with dynamic rewards, enterprise wallets with API-first controls, developer SDKs for custom stablecoin apps.
Network Effects: Every transaction trains better fraud models, cheaper liquidity pools, richer merchant acceptance data.
CEO Farooq Malik declared: “Stablecoins become 21st-century money rails when paired with cards/apps that just work.” Iconiq’s Kamran Zaki sees “programmable money infrastructure” eclipsing Visa/Mastercard legacy networks.
Perfect Storm: Regulation + Enterprise Hunger
Rain times crypto’s inflection:
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Stablecoin laws land in EU (MiCA), Singapore, UAE, Brazil
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Treasury diversification: Corporates park $10B+ in USDC/USDT yields
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Remittance explosion: $800B market seeks 90% cost cuts
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Adtech efficiency: $600B digital ads need micro-payouts
Competitors build wallets; Rain builds payment rails reaching Visa’s 100M merchants. Western Union integration proves enterprise trust.
Path to Trillion-Dollar Infrastructure
Series C positions Rain for $100B annualized throughput by 2028. Strategic acquisitions could consolidate fragmented stablecoin middleware. Public markets by 2029 offer natural exit at 10x current valuation.
As programmable money reshapes $2 trillion global payments, Rain emerges as the invisible plumbing – turning crypto promise into enterprise reality, one stablecoin swipe at a time.
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