Rain reveals a series B round raise for the sum of $58M to expand its U.S. and global stablecoin card operations, according to the company’s press release.
Following recent successes in supporting the launch of the Wyoming Frontier Stable Token and partnership supporting Dinari’s USD+ stablecoin, as well as a 10x growth since January 2025, the company is actively participating in the stablecoin card sector.
This was was led by Sapphire Ventures and other VCs, including Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest, contributed to the latest round.
In celebrating this news and the state of the stablecoin market, Cofounder and CEO Farooq Malik expressed:
Stablecoins are shifting to the backbone of global commerce. 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.
Charles Yoo-Naut’s response to the company news also highlighted the amount of work and belief the Rain team has for building the new financial payment system:
Notably, the company found its earliest use-cases from powering the transfer of funds in stablecoins in private credit use-cases.
Its partner and supporter, Visa, is also responsible for enabling international acceptance via its network and enterprise-grade compliance.
