TL;DR

Rain closed a $58 million Series B led by Sapphire Ventures, bringing its total funding to $88.5 million.
The company issues physical and virtual Visa cards that allow spending stablecoins, processing millions of transactions across more than 150 countries.
Its platform provides fintechs, banks, and marketplaces a single integration to launch payment programs, wallets, and cards based on stablecoins.

Rain, a startup building infrastructure for stablecoin payments, announced a $58 million Series B led by Sapphire Ventures, with participation from Samsung Next, Dragonfly, Galaxy Ventures, Endeavor Catalyst, Lightspeed, and Norwest.

With this round, the company reached a total of $88.5 million in funding since its founding, after closing a $24.5 million Series A in March 2025. The investment will allow Rain to expand its platform, hire new teams, and enter international markets.

What Rain Offers

The company issues physical and virtual Visa credit and debit cards that let users spend stablecoins directly at merchants worldwide. Rain processes millions of transactions across more than 150 countries and reports that its payment volume has grown tenfold since January 2025. The platform gives fintechs, banks, and marketplaces a single integration to launch card, wallet, and stablecoin payment programs, managing money-in, storage, spending, and money-out through a single API.

Stablecoin adoption has accelerated thanks to clearer regulatory frameworks, such as the GENIUS Act in the U.S. and the MiCA regulation in Europe. Rain is leveraging these conditions to help partners launch compliant payment programs, meeting enterprise standards including PCI DSS, SOC 2, and audited smart contracts. The company also emphasizes that its infrastructure was built natively for stablecoins, avoiding limitations from systems adapted from fiat rails.

Explosive Growth in Stablecoin Use

Rain’s clients and partners include companies using its platform for merchant payments, corporate spending, cross-border payroll, and B2B transactions. The platform allows partners to serve more than 1.5 billion people globally, with expansion plans in Europe, the Middle East, Africa, and the Asia-Pacific region. Rain also aims to enhance the flexibility and modularity of its infrastructure, giving financial institutions the ability to integrate stablecoins into daily operations quickly and securely.

Rain’s leaders highlight that their goal is to restore the speed and simplicity of instant money to global payments, ensuring stablecoins can be used seamlessly across any platform, border, or currency

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Filed under: News - @ August 28, 2025 5:36 pm