Stablecoin firm Rain boosts valuation to $1.95b in latest fundraise

Fintech company Rain announced Friday that it had raised $250 million in a funding round, bringing the stablecoin-focused firm’s valuation to $1.95 billion. New York-based Rain, a company backed by Visa that issues spending cards, said that it had brought its total funding to over $338 million, just four months after its Series B and 10 months after its Series A. The latest round was led by ICONIQ with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed and Galaxy Ventures, Rain said. ...