Rain Secures $58M in Series B Funding Led by Sapphire Ventures to Establish Itself as the Leading Enterprise Stablecoin Platform

Rain's Series B Funding Announcement

• Funding Details: Rain has successfully raised $58 million in a Series B funding round, led by Sapphire Ventures, with contributions from several notable investors including Dragonfly, Galaxy Ventures, and Samsung Next. This funding round increases Rain's total funding to $88.5 million.
• Rapid Growth: The funding comes just five months after Rain's Series A, highlighting the company's rapid growth and its pivotal role in providing infrastructure for stablecoin-powered financial products.

Market Context and Adoption

• Regulatory Environment: The surge in enterprise interest in stablecoins is attributed to the GENIUS Act in the U.S. and the MiCA framework in Europe, which have established a clearer regulatory framework for stablecoin adoption.
• Platform Capabilities: Rain's platform allows partners to integrate stablecoins into their operations seamlessly, covering all aspects of financial transactions through a single API. This enables compliant program launches for over 1.5 billion potential users globally.

Transaction and Usage Metrics

• Transaction Volume Growth: Rain has experienced a tenfold increase in transaction volume since January 2025, processing millions of transactions across more than 150 countries.
• Partnerships and Applications: The platform supports various use cases, including merchant payouts, consumer purchases, B2B spending, and cross-border payroll, with partners like Nuvei and Avalanche leveraging Rain's infrastructure.

Vision and Future Plans

• CEO's Perspective: Farooq Malik, CEO of Rain, emphasizes the transformative potential of stablecoins in global commerce, aiming to restore the simplicity of instant money movement across borders and currencies.
• Future Investments: The new funding will be allocated to expanding Rain's services, enhancing its platform, and hiring across various teams to support growth and market entry into regions embracing stablecoin payment solutions.

About Rain and Sapphire Ventures

• Company Overview: Rain is positioned as a leading global stablecoin infrastructure platform, enabling enterprises and developers to utilize stablecoins for payments and transactions. As a Visa Principal Member, Rain facilitates card transactions in over 150 countries.
• Sapphire Ventures Profile: Sapphire Ventures is a prominent venture capital firm with over $11 billion in assets under management, known for investing in innovative companies and supporting their growth through strategic resources and expertise.