Rain Raises $250M Series C at $1.95B Valuation

Rain, a fintech startup, provides blockchain-based payment infrastructure and a stablecoin card network for institutional payment settlement solutions. The company recently completed a $250 million Series C investment round, achieving a $1.95 billion valuation.

Investors

The round was led y ICONIQ, with particpation from Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst.

Rain Use of Funds

Rain plans to use the capital to expand its Stablecoin Card operations, achieve broader market penetration, and enable businesses to deploy regulatory-compliant card programs through its unified platform.

About Rain

Rain is a fintech insfrastructure company focused on stablecoin-powered payments. The company aims to enable businesses to deploy regulatory-compliant card programs through a unified platform, bridging blockchain technology with conventional payment experiences and supporting stablecoin conversion and settlement operations.

Funding Details

Company: Rain
Raised: $250M
Round: Series C
Funding Date: May 2026

Lead Investor: ICONIQ

Additional Investors: Sapphire Ventures, Dragonfly, Bessemer Venture Partners, GalaxyVentures, Firstmark, Lightspeed, Norwest, Endeavor Catalyst
Valuation: $1.95B
Software Category: Fintech, Blockchain Payment Infrastructure
Company Website: https://rain.xyz
Source: https://www.mexc.com/news/1070593