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August 28, 2025 – Rain, the leading enterprise-grade infrastructure for stablecoin-powered payments, today announced it has successfully closed a $58 million Series B funding round. The round was led by Sapphire Ventures, with significant participation from a robust syndicate of investors including Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest. This latest investment brings Rain’s total funding to an impressive $88.5 million, cementing its position as the single integration solution for global fintechs, banks, and marketplaces seeking to launch compliant stablecoin-powered cards, wallets, and payment programs.
The Series B raise comes just five months after Rain’s $24.5 million Series A funding round in March 2025, which was led by Norwest Venture Partners with participation from Galaxyhq, CompoSecure, Goldcrest, Vinyl, BDMIFund, LatitudeCapital, Thayer, _hardyaka, Lightspeedvp, cbventures, and CanonicalCrypto. This rapid succession of funding rounds underscores the surging demand for Rain’s innovative platform and its critical role in the evolving financial landscape.
Rain has experienced remarkable growth in 2025, achieving a 10x increase in transaction volume since January. Its platform now powers services to over 1.5 billion people through a single integration, processing millions of transactions across more than 150 countries. This growth is fueled by increasing enterprise interest in stablecoins, driven by clear regulatory paths established by the GENIUS Act in the U.S. and the MiCA framework in Europe.
“In its earliest form, money moved instantly. We’ve spent centuries slowing it down. Rain is bringing that simplicity back to billions of people, but now it works across any border, any platform, and any currency,” said Farooq Malik, CEO and Co-founder of Rain. “Stablecoins are shifting to the backbone of global commerce, and our platform is purpose-built to facilitate this transformation, offering unmatched speed, flexibility, and global reach.”
Rain’s vertically integrated platform uniquely enables partners to embed stablecoins into their products and operations, covering money-in, storage, spending, and money-out, all through one API. As a Visa Principal Member, Rain uniquely settles 100% of card payment volume directly in stablecoins on the Visa network, making stablecoins instantly usable anywhere Visa is accepted through its physical and virtual card programs. The platform is built natively for stablecoins, not retrofitted from traditional fiat rails, and meets rigorous enterprise compliance standards including PCI DSS, SOC 2, and audited smart contracts.
Jai Das, President and Partner at Sapphire Ventures, and Rain’s newest Board Director, commented, “Stablecoins have scaled to hundreds of billions in circulation, but until now, they couldn’t be easily spent. Rain is working to fix that by connecting stablecoins to Visa’s global network, turning them into money you can actually use for everyday commerce. We’re proud to partner with Farooq, Charles, and the Rain team as they redefine the future of payments.”
The new funding will be strategically deployed to expand Rain’s platform and services, providing global institutions with the most flexible, modular, and compliant stablecoin infrastructure available. The company plans significant investment in hiring across its engineering, commercial, and compliance teams, supporting existing partners in scaling their programs, and entering new markets across Europe, the Middle East, Africa, and Asia-Pacific where enterprises are increasingly embracing stablecoin-based payment workflows.
Rain's infrastructure is trusted by leading partners including Nuvei, Avalanche, Dakota, Nomad, and Wallbit, who utilize its capabilities for merchant payouts, everyday consumer purchases, B2B spend, and cross-border payroll.
About Rain:
Rain is the enterprise-grade infrastructure for stablecoin-powered payments, enabling global fintechs, banks, and marketplaces to seamlessly integrate stablecoins into their operations. As a Visa Principal Member, Rain provides a vertically integrated platform for money-in, storage, spending, and money-out, allowing stablecoins to be instantly usable anywhere Visa is accepted. Built natively for the digital asset economy and compliant with enterprise standards, Rain is accelerating the shift to real-time, borderless commerce.About Sapphire Ventures:
Sapphire Ventures is a global venture capital firm that partners with visionary teams and venture funds to build companies of consequence. For more than two decades, Sapphire has been investing in innovative technology companies and now manages over $10 billion in assets under management.Compiled by CMO Intern team
