Introducing @raincards
Raincards is a payments and financial infrastructure company focused on making stablecoins usable in the real world, not just something you trade on an exchange.
Their main idea is to let businesses and platforms build things like wallets, cards, on-ramps and off-ramps that use stablecoins (like USDC, USDT) as the backend payment system.
They just raised $250M in Series C, taking total funding to $338M+ and a valuation of $1.95B.
The round was led by ICONIQ, with Sapphire Ventures, Dragonfly, Bessemer, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catal