On January 9, 2026, Rain, a stablecoin platform and principal member of the Visa fee community, introduced a brand new Collection C funding spherical.
The corporate secured $250 million from buyers, together with ICONIQ, Sapphire Ventures, Dragonfly, Bessemer Enterprise Companions, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst.
The newest funding values Rain at $1.95 billion and places its whole raised funds above $338 million.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
What’s a Crypto Airdrop & Tips on how to Get FREE Cash? (Animated)
The brand new capital is meant to help Rain because it brings its stablecoin-powered funds providers to further markets in North America, South America, Europe, Asia, and Africa.
Rain reported a rise in its lively card base by 30 occasions over the previous 12 months and mentioned annualized fee quantity had grown 38 occasions throughout the identical interval.
The corporate offers options for over 200 enterprise companions and manages yearly transactions exceeding $3 billion. Its infrastructure is constructed to be used instances starting from every day funds to enterprise operations.
The corporate’s end-to-end funds platform allows companies to supply stablecoin-linked Visa playing cards, wallets, direct fee choices, on-ramps, and payouts via a single supplier. Transactions utilizing Rain’s options can happen wherever Visa capabilities.
Farooq Malik, who leads Rain as CEO and co-founder, shared that the surge in consumer numbers and quantity impressed the corporate to increase its infrastructure to extra areas and assist different companies activate and broaden their fee choices shortly.
OpenEden just lately accomplished a strategic funding spherical and obtained help from a number of enterprise capital companies and institutional buyers. What did the corporate say? Learn the complete story.
