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Rain

Stablecoin payments infrastructure provider Rain raised $250 million in a funding round that values the company at $1.95 billion.
ICONIQ Capital led the round with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed and Galaxy Ventures.
The financing brings Rain's total funding to more than $338 million, CEO Farooq Malik <a href="(https://www.bloomberg.com/news/articles/2026-01-09/stablecoin-firm-rain-valued-at-1-95-billion-after-funding-round)" rel="noopener noreferrer nofollow">told</a> Bloomberg.
<h2 id="what-happened">What Happened</h2>
Rain operates as a Visa Principal Member issuing stablecoin-backed payment cards in over 150 countries.
The company provides infrastructure allowing platforms to launch stablecoin-linked card programs through a unified API.
Rain plans to <a href="https://www.prnewswire.com/news-releases/rain-acquires-uptop-to-integrate-rewards-into-its-full-stack-platform-for-enterprise-card-and-wallet-programs-302611969.html" rel="noopener noreferrer nofollow">expand</a> across North and South America, Europe, Asia and Africa while adapting to evolving regulations.
Rain acquired rewards platform Uptop in November 2025 and currency conversion platform Fern in December 2025.
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<h2 id="why-it-matters">Why It Matters</h2>
The valuation reflects growing institutional interest as stablecoin market capitalization <a href="https://www.rain.xyz/resources/five-ways-stablecoins-will-reshape-payments-in-2026" rel="noopener noreferrer nofollow">exceeds</a> $300 billion.
Rain competes in a market where traditional financial institutions are beginning to integrate stablecoin settlement capabilities.
The funding follows Rain's $58 million Series B round in August 2025 led by Sapphire Ventures.
Strategic acquisitions position Rain to offer integrated payment, conversion and rewards capabilities through a single platform.
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Stablecoin Payments Firm Rain Reaches $1.95B Valuation Following $250M Round

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Other articles published on Jan 9, 2026

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