- Rain secures $250M, reaching $1.95B valuation.
- Series C funding led by ICONIQ.
- Expansion in global stablecoin markets planned.
Rain, a stablecoin payments firm, secured $250 million in a Series C round led by ICONIQ, achieving a $1.95 billion valuation, highlighting its expanding market influence.
This significant investment underscores the increasing demand for stablecoin infrastructure in global payments, potentially impacting financial transactions across multiple continents.
Rain, a global leader in stablecoin payments infrastructure, has announced a successful $250 million Series C funding round. This raise, led by ICONIQ Growth, values the company at $1.95 billion. The official confirmation came via Rain’s press release.
Key players in the funding round include notable investors such as Sapphire Ventures and Dragonfly. Farooq Malik, the CEO and Co-founder, emphasizes the rising adoption of stablecoins. “Stablecoins are quickly becoming the way money moves in the 21st century, but adoption by users worldwide requires cards and apps that just work,” Malik said, underscoring the potential of stablecoin-backed financial solutions.
The infusion of capital is set to impact global stablecoin markets by enhancing payment systems. Malik highlights a 38x surge in annualized payment volumes. Rain plans to expand in licensed markets across continents, further driving market dynamics.
Rain’s strategic use of proceeds includes deepening its payments platform and pursuing new product developments. The company aims to make stablecoin transactions more accessible. Supported by over $338M in total funding, Rain’s future growth looks robust.
Insights suggest that Rain’s continued expansion reflects broader industry trends favoring digital currencies. The firm’s growth trajectory signals strong confidence in stablecoin-based financial solutions. This aligns with ongoing shifts towards digital finance and cross-border payments.
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