#USA #New York #Rain #Sapphire Ventures #Stablecoins

Rain's Impressive Series B Funding Round

A Major Investment
In an exciting development for the fintech world, Rain, a leading enterprise-grade infrastructure provider specializing in stablecoin payments, has announced that it has raised $58 million in a Series B funding round. The investment was spearheaded by Sapphire Ventures, with additional participation from notable investors including Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest. This funding increase brings Rain's total capital raised to an impressive $88.5 million, marking a significant milestone in the company's journey just five months following its Series A round.

The Surge in Stablecoin Adoption
This financing comes at a pivotal moment, as interest in stablecoins has surged in recent months, particularly in light of regulatory movements such as the GENIUS Act in the United States and the MiCA framework in the European Union. These regulatory advancements have effectively created a clearer path for the adoption of these digital currencies across various industries. Rain's platform helps enterprises seamlessly integrate stablecoins into their products and operations with just a single API, simplifying the entire integration process. Through its vertically integrated platform, partners can expect to benefit from comprehensive control over the money-in, storage, spending, and money-out processes.

In an exciting revelation, Rain currently serves over 1.5 billion people worldwide, with plans to expand into further markets across Europe, the Middle East, Africa, and the Asia-Pacific region.

Innovative Payment Solutions
Rain's innovative approach has pioneered ways to make stablecoins usable at any point of sale that accepts Visa, thanks to their advanced physical and virtual card programs. The company has driven a tenfold increase in transaction volume since January 2025, illustrating the platform’s effectiveness. They’ve established strong partnerships with major players such as Nuvei, Avalanche, Dakota, and Nomad, to facilitate merchant payouts, everyday consumer purchases, B2B spending, and cross-border payroll processing.

CEO’s Vision for the Future
“Stablecoins are becoming the backbone of global commerce,” said Farooq Malik, CEO and Co-founder of Rain. He emphasized the historical context of money moving instantly and how previous attempts have decelerated this speed. With Rain's solutions, he believes they can restore that simplicity and efficiency, enabling transactions to occur seamlessly across borders and currencies. Rain is not just a tech innovation; it's a commitment to a more fluid and accessible financial system.

Strong Compliance and Security Measures
Positioning itself at the forefront of financial technology, Rain is a Visa Principal Member that uniquely settles 100% of its card payment volume directly in stablecoins on the Visa network. The company’s platform has been built specifically for stablecoins rather than being retrofitted from traditional fiat payment systems and adheres to strict enterprise compliance standards, including PCI DSS and SOC 2 benchmarks, alongside audited smart contracts.

Continued Growth & Future Endeavors
According to Jai Das, President and Partner at Sapphire Ventures, who is also the newest Board Director on Rain's board, the goal has been to create a system where stablecoins can easily be spent through a robust global network. He noted the rapid growth of stablecoins, which now accounts for hundreds of billions in circulation, and emphasized the importance of making them usable for everyday commerce.

The freshly acquired funding will be funneled into expanding Rain’s platform and enhancing its services to build the most flexible and compliant stablecoin infrastructure available for global institutions. Furthermore, Rain aims to bolster its engineering, commercial, and compliance teams to better serve existing partners and develop new markets embracing stablecoin payment workflows.

About Rain
Rain stands at the forefront of the global stablecoin infrastructure for enterprises, neobanks, platforms, and developers. Their technology suite facilitates the movement, storage, and usage of stablecoins in a compliant manner through various global payment methods, encompassing cards, on/off-ramps, wallets, and cross-border systems. As a Visa Principal Member, Rain issues cards usable at any Visa-accepting vendor, supporting millions of transactions across more than 150 countries. Known for their reliability and scalability, Rain is trusted by over a hundred organizations worldwide.

About Sapphire Ventures
Sapphire Ventures is a global software venture capital firm managing assets in excess of $11 billion, with a strong track record of backing innovative management teams and ventures. With investments across more than 170 companies over two decades, they focus on scaling companies and venture funds into industry leaders. Their unique approach combines seasoned investment strategies with a dedicated support system for portfolio company leaders.

Overall, Rain's ambitious plans combined with its substantial funding signal strong growth and evolving capabilities in the stablecoin market, potentially reshaping how institutions and consumers alike interact with digital currencies in the near future.