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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:

• Compliant stablecoin cards accepted everywhere Visa works

• Digital wallets for employee/customer payouts

• Fiat-stablecoin ramps for seamless treasury operations

• 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:

• Stablecoin laws land in EU (MiCA), Singapore, UAE, Brazil

• Treasury diversification: Corporates park $10B+ in USDC/USDT yields

• Remittance explosion: $800B market seeks 90% cost cuts

• 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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