On January 9, 2026, Rain, a stablecoin platform and principal member of the Visa cost community, introduced a brand new Sequence C funding spherical.
The corporate secured $250 million from traders, together with ICONIQ, Sapphire Ventures, Dragonfly, Bessemer Enterprise Companions, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst.
The newest funding values Rain at $1.95 billion and places its whole raised funds above $338 million.
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The brand new capital is meant to assist Rain because it brings its stablecoin-powered funds companies to extra markets in North America, South America, Europe, Asia, and Africa.
Rain reported a rise in its energetic card base by 30 instances over the previous 12 months and mentioned annualized cost quantity had grown 38 instances throughout the identical interval.
The corporate supplies options for over 200 enterprise companions and manages yearly transactions exceeding $3 billion. Its infrastructure is constructed to be used circumstances starting from day by day funds to enterprise operations.
The corporate’s end-to-end funds platform permits corporations to supply stablecoin-linked Visa playing cards, wallets, direct cost choices, on-ramps, and payouts by means of a single supplier. Transactions utilizing Rain’s options can happen wherever Visa capabilities.
Farooq Malik, who leads Rain as CEO and co-founder, shared that the surge in consumer numbers and quantity impressed the corporate to increase its infrastructure to extra areas and assist different corporations activate and increase their cost choices shortly.
OpenEden not too long ago accomplished a strategic funding spherical and acquired assist from a number of enterprise capital corporations and institutional traders. What did the corporate say? Learn the complete story.
