Rain, a leading enterprise-grade infrastructure provider for stablecoin-powered payments, has secured a $58 million Series B funding round led by Sapphire Ventures. This milestone, following a Series A just five months prior, reinforces Rain’s position as a key player in enabling global fintechs, banks, and marketplaces to launch compliant stablecoin-based payment solutions.
Rain raises $58M in Series B led by Sapphire Ventures, totaling $88.5M.
Enables stablecoin payments across 150+ countries via Visa network.
Transaction volume grows 10x in 2025, serving 1.5B+ users.
Complies with PCI DSS, SOC 2, and audited smart contracts.
Supports merchant payouts, consumer purchases, and cross-border payroll.
Expands into Europe, Middle East, Africa, and Asia-Pacific markets.
Rain’s platform facilitates seamless integration of stablecoins into enterprise operations, enabling partners to manage money-in, storage, spending, and money-out through a single API. As a Visa Principal Member, Rain settles 100% of card payment volume directly in stablecoins, ensuring compatibility with Visa’s global network. This infrastructure supports millions of transactions across over 150 countries, with partners like Nuvei, Avalanche, Dakota, and Nomad leveraging Rain for diverse use cases, including merchant payouts and cross-border payroll.
The surge in enterprise interest in stablecoins, driven by the U.S. GENIUS Act and Europe’s MiCA framework, has created a clear regulatory path for adoption. Rain’s compliance with enterprise standards, including PCI DSS, SOC 2, and audited smart contracts, positions it as a trusted partner for financial institutions seeking secure and scalable payment solutions. This regulatory alignment enables Rain to serve over 1.5 billion users worldwide, with plans for further expansion into Europe, the Middle East, Africa, and Asia-Pacific.
Rain’s platform, built natively for stablecoins rather than retrofitted from fiat systems, simplifies global payments. The company’s 10x transaction volume growth since January 2025 highlights its ability to meet the growing demand for fast, secure, and cost-effective payment solutions. By enabling instant usability of stablecoins anywhere Visa is accepted, Rain is redefining how money moves across borders, platforms, and currencies.
“Stablecoins are shifting to the backbone of global commerce,” said Farooq Malik, CEO and Co-founder of Rain. “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.”
“Stablecoins have scaled to hundreds of billions in circulation, but until now, they couldn’t be easily spent. Rain is working to fix that by connecting stablecoins to Visa’s global network, turning them into money you can actually use for everyday commerce. We’re proud to partner with Farooq, Charles, and the Rain team as they redefine the future of payments,” said Jai Das, President and Partner at Sapphire Ventures, as well as Rain’s newest Board Director.
Rain will use the new funding to enhance its platform, hire talent in engineering, compliance, and commercial roles, and expand into new markets. This strategic investment strengthens Rain’s mission to deliver flexible, modular, and compliant stablecoin infrastructure, empowering global institutions to innovate in the digital payments landscape. For more information, visit https://www.rain.xyz.
Rain is the global stablecoin infrastructure platform for enterprises, neobanks, platforms, and developers. Our technology allows partners to move, store, and use stablecoins instantly and compliantly through global payment cards, on/off-ramps, wallets, and cross-border rails. As a Visa Principal Member, Rain issues cards that work anywhere Visa is accepted, powering millions of purchases in over 150 countries. Built natively for stablecoins and trusted by more than 100 organizations worldwide, Rain delivers secure, scalable infrastructure that makes money move freely and instantly around the world. Learn more at https://www.rain.xyz/.
Sapphire is a global software venture capital firm with over $11 billion in AUM and team members across Austin, London, Menlo Park and San Francisco. For more than two decades, Sapphire has partnered with visionary management teams and venture funds to back companies of consequence.
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