Rain, a company that helps businesses use stablecoins for real-world payments, just raised a huge $250 million in new funding.
This was a Series C round led by ICONIQ, and it values Rain at about $1.95 billion. With this raise, the company’s total funding now tops $338 million. What really stands out is how fast this happened. Rain raised this round just four months after its Series B and less than a year after its Series A. That shows how much interest investors have in stablecoin payments right now.
Rain builds the behind-the-scenes tools that let businesses launch stablecoin cards, wallets, and payout systems that follow regulations. The experience feels familiar to users, even though the money is moving on blockchain rails.
Right now, Rain processes more than $3 billion in payments every year. It works with over 200 partners, including big names like Western Union, Nuvei, and KAST. Altogether, its reach covers more than 2.5 billion potential users around the world.
Rain’s CEO, Farooq Malik, said the new money will be used to expand into major regions like North America, South America, Europe, Asia, and Africa. The goal is to help more businesses move money faster and scale globally using stablecoins.
ICONIQ partner Kamran Zaki said Rain stands out because it combines strong technology, regulatory readiness, and real-world scale. In his view, Rain is well positioned to become the go-to platform for companies using tokenized money.
With this funding, Rain plans to improve its payments platform, explore strategic acquisitions, and build new products that make stablecoin payments feel simple and seamless for both businesses and everyday users.
In short, Rain is moving fast, investors are paying attention, and stablecoin payments are clearly stepping into the mainstream.
