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On January 9, 2026, Rain, a stablecoin platform and principal member of the Visa fee community, introduced a brand new Sequence 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.
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The brand new capital is meant to assist Rain because it brings its stablecoin-powered funds companies to extra markets in North America, South America, Europe, Asia, and Africa.
Rain reported a rise in its lively card base by 30 instances over the previous yr and stated annualized fee quantity had grown 38 instances throughout the identical interval.
The corporate supplies options for over 200 enterprise companions and manages yearly transactions exceeding $3 billion. Its infrastructure is constructed to be used instances starting from each 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 increase their fee choices rapidly.
OpenEden not too long ago accomplished a strategic funding spherical and obtained assist from a number of enterprise capital companies and institutional buyers. What did the corporate say? Learn the total story.
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