Rain Rain Raises $250M Series C to Scale Stablecoin-Powered Payments Infrastructure for Global Enterprises

Funding Rounds

▤ Summary

Rain announced a $250 million Series C led by ICONIQ that values the company at $1.95 billion and brings total funding to over $338 million. The company will use the capital to expand its licensed global footprint, deepen its full-stack stablecoin payments platform, pursue strategic acquisitions, and develop new products. Rain's infrastructure powers compliant stablecoin cards, wallets, on/offramps, and cross-border rails, facilitating more than $3B in annualized transactions for 200+ partners including Western Union, Nuvei, and KAST, and issues Visa cards accepted in 150+ countries. Rain reports active card base growth of 30x and annualized payment volume growth of 38x, and plans expansion across North America, South America, Europe, Asia, and Africa to make tokenized money a mainstream enterprise payments rail.

$ Funding

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Amount $250.0M Total raised
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Date January 9, 2026 Announcement date
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Investors Galaxy Ventures, Bessemer Venture Partners, ICONIQ Capital, FirstMark, Kast, Endeavor Catalyst, Nuvei, Lightspeed, Norwest Venture Partners Lead investors
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Company rain.xyz Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Payments Software Fintech Infrastructure API Platform

▦ Linked Companies

Rain
$10M to $25M