Rain Secures $250 Million in Series C Funding to Enhance Stablecoin Payment Infrastructure Globally
On January 10, 2026, Rain, a prominent enterprise-level payment infrastructure provider for stablecoins, announced its latest Series C funding round totaling $250 million. This funding, led by ICONIQ and featuring participation from notable investors such as Sapphire Ventures and Galaxy Ventures, propels Rain's cumulative funding to over $338 million and establishes a company valuation of $1.95 billion, demonstrating a remarkable 17-fold increase within a mere ten-month period.
The rapid evolution of stablecoins from speculative instruments in the cryptocurrency markets to vital channels for value transfer is driving Rain's expansion. The next phase of adoption focuses on leveraging tokenized currency as the primary method for businesses to transact and for consumers to receive payments, save, and spend money. To bridge this gap, Rain's cutting-edge infrastructure is designed to facilitate a seamless transition for companies adopting on-chain payment systems while maintaining user-friendly experiences that customers are accustomed to.
Farooq Malik, CEO and co-founder of Rain, emphasized the growing significance of stablecoins in modern financial transactions. He stated, "Stablecoins are swiftly becoming the medium of choice for transactions in the 21st century, but users worldwide need payment cards and apps that function seamlessly. Over the past year, our active card issuance has grown by an astounding 30 times, and our annual transaction volume has increased by 38 times. This is just the beginning. With this funding, we can extend our infrastructure into new markets, empowering businesses to launch and scale rapidly."
Rain's comprehensive payment platform allows businesses to collaborate with a single partner to launch compliant stablecoin cards usable anywhere Visa is accepted. Additionally, the platform offers rewards, seamless conversions from fiat to stablecoins, secure wallet support, and expedited payouts. Presently, Rain's technology processes more than $3 billion in annual transactions for over 200 partners, including major players like Western Union and Nuvei. Programs built on Rain’s infrastructure have the potential to reach more than 2.5 billion individuals, facilitating a wide range of transactions from daily consumer purchases, such as a morning coffee, to critical business expenses like cloud services and digital advertising.
Kamran Zaki, partner at ICONIQ, commented on the transformative shift taking place in payment networks, stating, "We are witnessing a transition from traditional payment systems to programmable infrastructure for digital assets, and there exists a scarce window to influence which standard platform enterprises will ultimately trust. We believe that Rain holds a rare combination of full-stack technology, regulatory readiness, and practical scalability. Their goal of commonplace tokenized currency, rather than a niche financial experiment, aligns with what large corporations seek as they progress from exploration to implementation."
The proceeds from the Series C funding will enable Rain to expand its presence across essential licensed markets in North America, South America, Europe, Asia, and Africa, allowing partners to launch compliant solutions smoothly and efficiently on a global scale. The financing will also facilitate further expansion of Rain's full-stack stablecoin payment platform through strategic acquisitions and will enable forward investments into new products designed to make stablecoin payments seamlessly integrated for both businesses and consumers.
Rain, founded on the principles of improving the movement and storage of stablecoins, is a global payment platform catering to enterprises, neobanks, platforms, and developers. By leveraging its technology, partners can now seamlessly move, store, and utilize stablecoins via global payment cards, rewards programs, on/off-ramps, wallets, and international transactions. As a principal member of Visa, Rain issues payment cards that function universally where Visa is accepted, enabling millions of transactions across more than 150 countries. Rain has garnered the trust of over 200 organizations globally by offering secure and scalable infrastructure that facilitates the rapid and frictionless movement of money worldwide. For more information, visit Rain.
The rapid evolution of stablecoins from speculative instruments in the cryptocurrency markets to vital channels for value transfer is driving Rain's expansion. The next phase of adoption focuses on leveraging tokenized currency as the primary method for businesses to transact and for consumers to receive payments, save, and spend money. To bridge this gap, Rain's cutting-edge infrastructure is designed to facilitate a seamless transition for companies adopting on-chain payment systems while maintaining user-friendly experiences that customers are accustomed to.
Farooq Malik, CEO and co-founder of Rain, emphasized the growing significance of stablecoins in modern financial transactions. He stated, "Stablecoins are swiftly becoming the medium of choice for transactions in the 21st century, but users worldwide need payment cards and apps that function seamlessly. Over the past year, our active card issuance has grown by an astounding 30 times, and our annual transaction volume has increased by 38 times. This is just the beginning. With this funding, we can extend our infrastructure into new markets, empowering businesses to launch and scale rapidly."
Rain's comprehensive payment platform allows businesses to collaborate with a single partner to launch compliant stablecoin cards usable anywhere Visa is accepted. Additionally, the platform offers rewards, seamless conversions from fiat to stablecoins, secure wallet support, and expedited payouts. Presently, Rain's technology processes more than $3 billion in annual transactions for over 200 partners, including major players like Western Union and Nuvei. Programs built on Rain’s infrastructure have the potential to reach more than 2.5 billion individuals, facilitating a wide range of transactions from daily consumer purchases, such as a morning coffee, to critical business expenses like cloud services and digital advertising.
Kamran Zaki, partner at ICONIQ, commented on the transformative shift taking place in payment networks, stating, "We are witnessing a transition from traditional payment systems to programmable infrastructure for digital assets, and there exists a scarce window to influence which standard platform enterprises will ultimately trust. We believe that Rain holds a rare combination of full-stack technology, regulatory readiness, and practical scalability. Their goal of commonplace tokenized currency, rather than a niche financial experiment, aligns with what large corporations seek as they progress from exploration to implementation."
The proceeds from the Series C funding will enable Rain to expand its presence across essential licensed markets in North America, South America, Europe, Asia, and Africa, allowing partners to launch compliant solutions smoothly and efficiently on a global scale. The financing will also facilitate further expansion of Rain's full-stack stablecoin payment platform through strategic acquisitions and will enable forward investments into new products designed to make stablecoin payments seamlessly integrated for both businesses and consumers.
Rain, founded on the principles of improving the movement and storage of stablecoins, is a global payment platform catering to enterprises, neobanks, platforms, and developers. By leveraging its technology, partners can now seamlessly move, store, and utilize stablecoins via global payment cards, rewards programs, on/off-ramps, wallets, and international transactions. As a principal member of Visa, Rain issues payment cards that function universally where Visa is accepted, enabling millions of transactions across more than 150 countries. Rain has garnered the trust of over 200 organizations globally by offering secure and scalable infrastructure that facilitates the rapid and frictionless movement of money worldwide. For more information, visit Rain.
Topics Financial Services & Investing）
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