Core Insights - Rain has announced a Series C funding round of $250 million led by ICONIQ, bringing the company's total funding to over $338 million and its valuation to $1.95 billion, which is more than 17 times its valuation in just 10 months [1][4] Company Overview - Rain is a global payment platform for stablecoins, enabling enterprises, neobanks, and developers to move, store, and use stablecoins through global payment cards, rewards, on/off-ramps, wallets, and international rails [6][7] - The company facilitates over $3 billion in annual transactions for more than 200 partners, including Western Union and Nuvei, and its technology can reach over 2.5 billion people [3] Market Position and Growth - The use of stablecoins is rapidly evolving from a speculative aspect of cryptocurrency markets to becoming one of the largest value transfer rails globally, with Rain positioned to bridge the gap for businesses transitioning to on-chain payment rails [2] - Rain's active payment card usage has increased 30 times, and its annual payment volume has grown 38 times over the past year, indicating significant growth potential [3] Future Plans - The capital from the Series C funding will be used to expand Rain's presence in key licensed markets across North America, South America, Europe, Asia, and Africa, allowing partners to launch compliant solutions globally [4] - Rain aims to further develop its full-stack stablecoin payment platform, including strategic acquisitions and investments in new products that make stablecoin payments seamless for businesses and consumers [4]
Rain haalt $ 250 miljoen op in Series C-financieringsronde om de betalingsinfrastructuur die door stablecoin mogelijk wordt gemaakt op te schalen voor wereldwijde ondernemingen
Prnewswire·2026-01-10 03:30