Stablecoin

Momentum

Rain

<ul>
 <li>Rain raised $250M in a Series C led by ICONIQ, valuing the stablecoin payments firm at $1.95B.</li>
 <li>The funding will help Rain scale enterprise stablecoin cards, wallets, and payments across regulated global markets.</li>
 <li>Rain processes over $3B in annualized volume and plans deeper ACH, SEPA, and regulatory integrations worldwide.</li>
</ul>
<p>Stablecoin payments firm Rain <a href="https://www.rain.xyz/resources/rain-raises-250m-series-c-to-scale-stablecoin-powered-payments-infrastructure-for-global-enterprises" rel="noopener noreferrer nofollow">announced</a> that it raised $250 million in a Series C funding round. The round valued the company at $1.95 billion and involved ICONIQ alongside several venture firms. The funding supports Rain’s effort to scale enterprise stablecoin payments and expand regulated operations across multiple global markets.</p>
<h2 class="wp-block-heading" id="strong-funding-round-and-investor-participation-strong"><strong>Funding Round and Investor Participation</strong></h2>
<p>According to the company, ICONIQ led the Series C round, with participation from Sapphire Ventures, <a href="https://cryptofrontnews.com/u-s-department-of-justice-doj-still-weighing-charges-against-dragonfly-partner-tom-schmidt-in-tornado-cash-case/" rel="noopener noreferrer nofollow">Dragonfly</a>, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst.&nbsp;</p>
<p>Notably, the raise brings Rain’s total funding to more than $338 million. The Series C followed a $58 million Series B four months earlier. Rain said the financing occurred less than a year after its Series A round.&nbsp;</p>
<p>As a result, the company accelerated capital intake during a short period. Wachtell, Lipton, Rosen &amp; Katz served as legal adviser on the transaction. The valuation reflects investor interest in infrastructure supporting stablecoin-based payment systems.</p>
<h2 class="wp-block-heading" id="strong-platform-scope-and-transaction-activity-strong"><strong>Platform Scope and Transaction Activity</strong></h2>
<p>Rain operates an enterprise payments platform focused on stablecoin-linked cards and wallets. The platform allows partners to launch Visa-connected <a href="https://cryptofrontnews.com/stablecoin-rewards-under-senate-scrutiny-in-the-u-s/" rel="noopener noreferrer nofollow">stablecoin</a> cards accepted in more than 150 countries.&nbsp;</p>
<p>Additionally, Rain supports fiat-to-stablecoin conversion, rewards programs, secure wallets, and payout services. According to Rain, the platform processes more than $3 billion in annualized transaction volume.&nbsp;</p>
<p>The company supports over 200 partners, including Western Union, Nuvei, and KAST. Programs built on Rain cover everyday consumer spending and business expenses, including cloud services and digital advertising.</p>
<h2 class="wp-block-heading" id="strong-expansion-plans-and-network-integrations-strong"><strong>Expansion Plans and Network Integrations</strong></h2>
<p>Rain stated that it will deploy the new capital to expand licensed operations across North America, South America, <a href="https://cryptofrontnews.com/ecb-rejection-of-bitcoin-reserves-shifts-europes-crypto-outlook/" rel="noopener noreferrer nofollow">Europe</a>, Asia, and Africa. However, the company also plans to pursue additional regulatory approvals. Farooq Malik, Rain’s co-founder and chief executive officer, said the firm intends to deepen engagement with regulators.</p>
<p>Separately, Rain is developing integrations with U.S. ACH and Europe’s SEPA payment networks through partner banks, according to Bloomberg. The company also continues to expand partnerships and its geographic footprint. In the past year, Rain acquired rewards platform Uptop and currency conversion platform Fern.</p>
<p>The post <a href="https://cryptofrontnews.com/rain-raises-250m-as-stablecoin-payments-gain-momentum/" rel="noopener noreferrer nofollow">Rain Raises $250M as Stablecoin Payments Gain Momentum</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Rain Raises $250M as Stablecoin Payments Gain Momentum

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