Rain, a company building infrastructure for stablecoin-powered payments, has secured a major funding round that boosts its valuation close to $2 billion, highlighting investor confidence in digital payments and stablecoin adoption.
Stablecoin payments infrastructure provider Rain said it has raised $250 million in a Series C funding round, giving the company a valuation of $1.95 billion following the deal.
The financing was led by ICONIQ Capital, with participation from growth investors including Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Lightspeed, Norwest, and Galaxy Ventures, among others. With this latest round, Rain’s total funding has surpassed $338 million, underlining rapid capital inflows into the startup.
Rain intends to use the new funds to expand its global footprint, enhance product development and support additional enterprise launches across key regions such as North and South America, Europe, Asia and Africa. The company aims to help businesses integrate stablecoin payments at scale while navigating evolving regulatory environments.
Funding to scale global stablecoin payment infrastructure
Founded by Farooq Malik and headquartered in New York, Rain offers an end-to-end platform that enables companies to issue stablecoin-linked payment cards, wallets, and payout solutions. Its infrastructure allows partners to deploy compliant stablecoin payment products that are accepted anywhere traditional payment rails such as Visa are used.
Rain’s services facilitate seamless money movement using stablecoins, with integrations planned for traditional payment systems including U.S. ACH and European SEPA through partner banks. This approach positions the company as a bridge between crypto-native value rails and conventional financial systems, catering to both consumer and enterprise use cases.
The near-$2 billion valuation signals strong institutional interest in stablecoin infrastructure and underscores broader momentum for digital asset payment solutions as stablecoins increasingly play a pivotal role in global value transfer and settlement.
