US EditionStablecoin Firm Rain Valued at $1.95 Billion in Latest Fundraise
Rain's valuation surged 17-fold in 10 months as it raised $250 million to expand into new markets and support enterprise launches, with payment volume up 38 times, CEO said.
- Rain, stablecoin payments company, raised $250 million in a new Series C, taking total funding to $338 million and valuing the company at $1.95 billion.
- The company's valuation climbed more than seventeen-fold in just 10 months as Rain gains traction with investors, consumers and large financial institutions amid a more accommodating stance under the Trump administration.
- Investors including Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest and Endeavor Catalyst backed Rain, which provides infrastructure for stablecoin-linked Visa network cards and wallets.
- The funding will be used to enter new markets, scale operations and support more enterprise launches, positioning Rain to expand stablecoin-linked payments for businesses and consumers.
- Farooq Malik, co-founder and CEO, said `Stablecoins are quickly becoming the way money moves in the 21st century, but adoption by users worldwide requires cards and apps that just work` and reported rapid growth last year.
19 Articles
19 Articles
Stablecoin Startup Rain Raises $250M Series C at $1.95B Valuation – Its Third Round In Less Than A Year
Rain, which is building infrastructure for payments with stablecoins, has raised $250 million in a Series C funding round led by Iconiq. Its post-money valuation is $1.95 billion, up 17x from last March.
Channel News Asia
Stablecoin firm Rain valued at $1.95 billion in latest fundraise
Jan 9 : Stablecoin firm Rain said on Friday it has raised $250 million in a funding round led by ICONIQ, valuing the company at $1.95 billion, as investor interest in the crypto sector continues to grow.Stablecoins are cryptocurrencies designed to hold a steady value by being pegged to assets such as the U
Stablecoin payment card startup Rain reels in $250M
Financial technology startup Rain today announced that it has raised $250 million in funding from a consortium led by ICONIQ. The round, the company’s third in a year, values it at $1.95 billion. Rain says that the cash infusion follows 12 months in which its annualized payment volume jumped by a factor of 30. The […] The post Stablecoin payment card startup Rain reels in $250M appeared first on SiliconANGLE.
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