#USA #New York #Rain #stablecoin #ICONIQ

Rain's Series C Funding Milestone

Rain, a prominent player in the stablecoin payment infrastructure sector, announced a $250 million funding round led by ICONIQ on January 10, 2026. This investment marks the company's rapid ascent, bringing its total funding to over $338 million and elevating its valuation to $1.95 billion—an impressive 17-fold increase in just ten months.

A New Era for Payments

In recent years, stablecoins have transcended from being merely speculative assets within cryptocurrency markets to becoming one of the largest channels for value transfer globally. The next phase of adoption involves establishing tokenized money as the default method through which businesses transfer funds and consumers engage in transactions. This transition is contingent upon a robust infrastructure that facilitates seamless integration with existing payment systems while maintaining user-friendly experiences.

As Farooq Malik, CEO and co-founder of Rain, emphasized, “The adoption of stablecoins as mainstream currency hinges on the availability of effective tools such as credit cards and applications that work flawlessly.” The significant growth of Rain's active card base—up 30 times—and its payment volume—up 38 times—over the past year reflects the escalating demand for its services.

What Rain's Technology Offers

Rain provides a comprehensive end-to-end payment platform that allows businesses to effortlessly launch compliant stablecoin cards usable at any Visa-accepting location. The platform supports various functionalities, including:

• - Converting fiat to stablecoins
• - Facilitating secure wallets
• - Enabling cross-border payments

Today, Rain manages annual transactions exceeding $3 billion for over 200 partners, including notable institutions like Western Union and Nuvei. With a reach that extends to more than 2.5 billion individuals, Rain caters to a wide array of transactions, from everyday purchases like coffee to critical business expenses such as cloud services and digital advertising.

Innovation in Financial Technology

Rain's successful funding round underscores a broader trend in the financial landscape, where the shift from traditional payment networks to programmable digital asset infrastructure is increasingly seen as imperative. Kamran Zaki, partner at ICONIQ, noted, “We believe Rain embodies a unique blend of full-stack technology, regulatory preparedness, and real scalability.”

The Series C capital will play a vital role in allowing Rain to expand its footprint in North America, South America, Europe, Asia, and Africa. It will enhance the platform's comprehensive capabilities and facilitate strategic acquisitions, positioning Rain as a crucial player in realizing the mainstream adoption of stablecoin solutions.

The Future of Payments

Looking ahead, Rain’s ongoing commitment to innovation is evident in its aim to make stablecoin transactions invisible to both businesses and consumers. This vision is supported by a legal advisory partnership with Wachtell, Lipton, Rosen & Katz, which further solidifies Rain's position in the market.

For more information about Rain and its stablecoin payment solutions, visit Rain's official website. As stablecoins continue to grow in importance within the financial ecosystem, Rain is clearly poised to lead the charge into this transaction-centric future.

About Rain

Rain serves as the global platform for stablecoin payments, enabling companies, neobanks, and developers to manage and utilize stablecoins in a compliant and instantaneous manner. With its focus on scalability and security, Rain provides a seamless experience to facilitate global transactions.

About ICONIQ

ICONIQ is a global investment firm that connects visionary entrepreneurs with opportunities to make significant impacts in various sectors. Their portfolio includes industry leaders across tech, finance, and beyond, supporting companies from inception through IPO.