Rain Secures $250M Series C, Valued at $1.95B

• Lyla Velez
• January 10, 2026
• Business
• 0 Comments

Rain, a stablecoin payments firm, raised $250 million in Series C funding, announced on January 9, 2026. The round, led by ICONIQ, increases Rain’s valuation to $1.95 billion.

The funding underscores the growing importance of stablecoins in global transactions. It highlights the commitment of investors to expanding stablecoin infrastructure, with Rain focusing on global compliance and expanding its market reach.

Rain, described as an enterprise-grade infrastructure for stablecoin payments, has seen significant growth, increasing both its card base and transaction volume substantially over the past year. The $250 million Series C was led by ICONIQ, amidst participation from notable investors like Sapphire Ventures and Dragonfly.

The infusion of capital is specifically allocated to scale Rain’s global, compliant footprint in North America, South America, Europe, Asia, and Africa. Additionally, funds will be used to enhance their full-stack stablecoin payments platform and explore strategic acquisitions.

The increase in valuation by more than 17x over the past 10 months marks significant investor confidence. The market impact is substantial, reflecting a growing network of over 200 partners, including major entities like Western Union. This supports further development of global payment systems.

With significant enhancements planned for its technologies, the round fuels Rain’s efforts to integrate stablecoins into mainstream transactions. CEO Farooq Malik highlighted:

Stablecoins are quickly becoming the way money moves in the 21st century, but adoption by users worldwide requires cards and apps that just work.

Concerns over regulatory responses are mitigated by Rain’s focus on compliant expansion, signaling a proactive stance towards legal and licensure requirements. As a Visa Principal Member, Rain ensures its services meet extensive compliance, facilitating seamless global operations.