Rain Secures $250 Million Series C, Valued at $1.95 Billion
Enterprise-grade stablecoin payment provider Rain has closed a $250 million Series C funding round, led by ICONIQ, valuing the company at $1.95 billion. This significant capital injection aims to accelerate the global adoption of tokenized money by enabling enterprises to transition to on-chain payment solutions.
Rain's active card base has expanded 30x in the past year, with annualized payment volume surging 38x. The company plans to use the funds to expand its licensed footprint globally and enhance its technical stack, positioning itself as a key bridge between traditional finance and decentralized rails.