Key Points:* Rain’s Series B funding increases company valuation to $147 million.
The platform’s annual card spending has exceeded $1 billion.
Funding led by Sapphire Ventures, supported by Galaxy Ventures.
On August 28th, stablecoin Visa card platform Rain secured $58 million in Series B funding led by Sapphire Ventures, significantly increasing its valuation.
This marks a pivotal growth for Rain, expanding its market presence, as annual spending on Rain-supported bank cards has exceeded $1 billion.
Rain’s Valuation Soars to $147 Million Post-Funding
Rain, co-founded by CEO Farooq Malik and CTO Charles Yoo-Naut, has secured $58 million in Series B funding from investors including Sapphire Ventures, Galaxy Ventures, and others. The funding multiplies Rain’s valuation nearly sixfold. Founded in 2021, Rain’s platform enables stablecoin expenditures worldwide using its Visa card. “We have been serving large global businesses with our flexible issuing and stablecoin orchestration stack for the last several years. This new funding allows us to increase interoperability with existing rails, expand our footprint, and invest in our stablecoin authorisation and settlement infrastructure that continues to unlock growth for our partners,” noted Farooq Malik, CEO, Rain.
Annual spending on Rain-supported cards surpasses $1 billion, showcasing the growing acceptance of stablecoin transactions. The company aims to expand its infrastructure, further enhancing stablecoin interoperability. Farooq Malik expressed confidence in expansion efforts, highlighting their previous funding round, which aided in launching their platform globally.
Visa emphasized its commitment to stablecoin-linked innovations, highlighting Rain’s contributions to this digital finance trend.
Ethereum’s Role in Expanding Stablecoin Ecosystem
Did you know? The current Series B funding marks a pivotal moment for Rain, reflecting the burgeoning demand for stablecoin transactions, akin to Visa’s early adoption of crypto-related services, which paved the way for today’s expanding digital payments landscape.
Ethereum (ETH) presently trades at $4,598.40, according to CoinMarketCap. The cryptocurrency has exhibited a 7.44% weekly increase and a 20.39% gain over the past 30 days. Ethereum’s market cap stands at $555.06 billion, reflecting a 14.18% market dominance.
Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 11:38 UTC on August 28, 2025. Source: CoinMarketCapCoincu research suggests that the expanding stablecoin ecosystem, driven by platforms like Rain, could lead to
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Rain's Series B Funding and Expansion in Stablecoin Transactions
Key Points:* Rain’s Series B funding increases company valuation to $147 million.
Rain’s Valuation Soars to $147 Million Post-Funding
Rain, co-founded by CEO Farooq Malik and CTO Charles Yoo-Naut, has secured $58 million in Series B funding from investors including Sapphire Ventures, Galaxy Ventures, and others. The funding multiplies Rain’s valuation nearly sixfold. Founded in 2021, Rain’s platform enables stablecoin expenditures worldwide using its Visa card. “We have been serving large global businesses with our flexible issuing and stablecoin orchestration stack for the last several years. This new funding allows us to increase interoperability with existing rails, expand our footprint, and invest in our stablecoin authorisation and settlement infrastructure that continues to unlock growth for our partners,” noted Farooq Malik, CEO, Rain.
Annual spending on Rain-supported cards surpasses $1 billion, showcasing the growing acceptance of stablecoin transactions. The company aims to expand its infrastructure, further enhancing stablecoin interoperability. Farooq Malik expressed confidence in expansion efforts, highlighting their previous funding round, which aided in launching their platform globally.
Visa emphasized its commitment to stablecoin-linked innovations, highlighting Rain’s contributions to this digital finance trend.
Ethereum’s Role in Expanding Stablecoin Ecosystem
Did you know? The current Series B funding marks a pivotal moment for Rain, reflecting the burgeoning demand for stablecoin transactions, akin to Visa’s early adoption of crypto-related services, which paved the way for today’s expanding digital payments landscape.
Ethereum (ETH) presently trades at $4,598.40, according to CoinMarketCap. The cryptocurrency has exhibited a 7.44% weekly increase and a 20.39% gain over the past 30 days. Ethereum’s market cap stands at $555.06 billion, reflecting a 14.18% market dominance.
| | | --- | | DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |