Led by ICONIQ, the spherical brings Rain’s whole funding to over $338M and values the corporate at $1.95B — up greater than 17x in simply 10 months
The brand new funding permits Rain to scale its international, compliant footprint, deepen platform capabilities, and put money into new merchandise that redefine how funds work worldwide
NEW YORK, Jan. 9, 2026 /PRNewswire/ — Rain, the enterprise-grade infrastructure for stablecoin-powered funds, in the present day introduced a $250 million Sequence C funding spherical led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer Enterprise Companions, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst. The spherical values Rain at $1.95 billion, brings the corporate’s whole funding to over $338 million, and comes simply 4 months after its Sequence B and 10 months after its Sequence A.
Stablecoins have quickly developed from a speculative nook of crypto markets into one of many largest value-transfer rails on the planet. The following section of adoption is about making tokenized cash the default manner that companies transfer funds and shoppers receives a commission, save, and spend. Crossing that chasm requires infrastructure that lets enterprises shift to onchain fee rails whereas preserving the acquainted experiences their customers already belief. Rain’s know-how is constructed to do precisely that.
“Stablecoins are rapidly turning into the best way cash strikes within the twenty first century, however adoption by customers worldwide requires playing cards and apps that simply work,” mentioned Farooq Malik, CEO & Co-founder of Rain. “Within the final 12 months, our energetic card base has elevated 30x and our annualized fee quantity has elevated 38x, however we’re nonetheless within the early innings. This funding lets us carry that infrastructure to new markets and assist further enterprises go reside and scale rapidly in all places.”
Rain’s end-to-end funds platform permits firms to work with a single associate to launch compliant stablecoin playing cards that work in all places Visa is accepted, provide rewards, convert fiat into stablecoins, energy safe wallets, and facilitate payouts. At this time, Rain’s know-how facilitates greater than $3B in annualized transactions for over 200 companions, together with Western Union, Nuvei, and KAST. Packages constructed on Rain can attain over 2.5 billion folks and energy every little thing from on a regular basis client purchases like a morning espresso or airline tickets, to essential enterprise bills equivalent to cloud providers and digital promoting.
“We consider we’re witnessing a shift from legacy fee networks to programmable digital-asset infrastructure, and there’s a temporary window to assist outline the default platform enterprises will depend on,” mentioned Kamran Zaki, Accomplice at ICONIQ. “In our view, Rain has a uncommon mixture of full-stack know-how, regulatory readiness, and real-world scale. Their concentrate on making tokenized cash mainstream, quite than a distinct segment monetary experiment, could resonate and align with what massive enterprises are searching for as they transfer from exploration to manufacturing.”
Rain will use the Sequence C capital to broaden its presence in key licensed markets throughout North America, South America, Europe, Asia, and Africa, so companions can seamlessly launch compliant options around the globe. The funding may also allow Rain to deepen its full-stack stablecoin funds platform, together with by means of strategic acquisitions, and to take a position forward of the curve in new merchandise that make stablecoin-powered funds really feel invisible to companies and shoppers.
Wachtell, Lipton, Rosen & Katz served as authorized advisor to Rain on its Sequence C financing.
About Rain: Rain is the worldwide stablecoin funds platform for enterprises, neobanks, platforms, and builders. Its know-how permits companions to maneuver, retailer, and use stablecoins immediately and compliantly by means of international fee playing cards, rewards, on/offramps, wallets, and cross-border rails. As a Visa Principal Member, Rain points playing cards that work anyplace Visa is accepted, powering tens of millions of purchases in over 150 nations. Constructed natively for stablecoins and trusted by greater than 200 organizations worldwide, Rain delivers safe, scalable infrastructure that makes cash transfer freely and immediately around the globe. Study extra at https://www.rain.xyz/.
About ICONIQ: ICONIQ is a world funding agency catalyzing alternative by means of extraordinary group. Our enterprise and development funding platform companions with visionaries defining the way forward for their industries to realize unusual outcomes. Drawing on the insights and connectivity of our extraordinary group, we assist our portfolio firms’ success at each inflection level, from inception to IPO and past. Our strong portfolio consists of Adyen, Airbnb, Alibaba, Alteryx, Airtable, Anthropic, Automattic, BambooHR, Braze, Canva, Chime, Coupa, Databricks, Datadog, DeepL, ElevenLabs, Figma, Gitlab, Glean, Groww, Netskope, Procore, ServiceTitan, Sierra, Snowflake, Author, Zoom and 1Password, amongst others. For extra data go to https://www.iconiqcapital.com/development.
Media Contact:
Lucas Piazza
Advertising Lead, Rain
[email protected]
