Rain, a stablecoin infrastructure platform, has raised $58 million in a Series B round led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest.
Expansion Amid Regulatory Tailwinds
The raise comes just five months after Rain’s Series A, underscoring strong institutional appetite for stablecoin payments infrastructure. The company’s growth coincides with major regulatory developments, including the GENIUS Act in the U.S. and the MiCA framework in Europe, which are providing clearer guidelines for stablecoin usage (Finextra).
Rain’s platform enables enterprises to move, store, and spend stablecoins in compliance with global regulations. As a Visa Principal Member, the firm issues payment cards that can be used in more than 150 countries—bridging stablecoin adoption with mainstream financial networks.
Surging Usage and Enterprise Adoption
Since January 2025, Rain has reported a 10× increase in transaction volumes. Its infrastructure supports partners such as Nuvei, Avalanche, Dakota, and Nomad, powering use cases from merchant payouts and B2B payments to consumer spending and cross-border payroll (Finextra).
What the Funding Will Support
The Series B proceeds will be used to accelerate Rain’s global expansion, bolster hiring across engineering, compliance, and commercial teams, and further strengthen its modular infrastructure for enterprise-scale payments.
Executive Perspective
Farooq Malik, CEO of Rain, said:
“In its earliest form, money moved instantly. We’ve spent centuries slowing it down. Rain is bringing that simplicity back to billions of people, but now it works across any border, any platform, and any currency.”
Why It Matters
- Market validation: The $58M round demonstrates growing investor conviction in regulated stablecoin infrastructure.
- Regulatory readiness: Rain’s model aligns with evolving global frameworks like MiCA and the GENIUS Act.
- Infrastructure leadership: With Visa integration and a modular platform, Rain positions itself as a key enabler for enterprises adopting stablecoins at scale.
