Rain Raises $58M In Series B Funding Led By Sapphire Ventures

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Rain, a New York-based company providing enterprise-grade infrastructure for stablecoin-powered payments, announced a $58 million Series B funding round. This round, led by Sapphire Ventures, included participation from prominent investors such as Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest. The funding brings Rain’s total capital raised to $88.5 million, building on a Series A round completed just five months earlier. The rapid succession of funding rounds underscores Rain’s momentum in the stablecoin and fintech sectors, driven by a 10x increase in transaction volume in 2025 and its ability to serve over 1.5 billion people through a single API integration.

Strategic Importance

The funding reflects strong investor confidence in Rain’s role as a leading stablecoin infrastructure provider. Stablecoins, digital currencies pegged to stable assets like fiat, are increasingly viewed as a backbone for global commerce due to their ability to enable instant, cross-border transactions. Rain’s platform allows enterprises, neobanks, platforms, and developers to integrate stablecoin-powered cards, wallets, and payment programs seamlessly. Its Visa Principal Member status enables direct settlement of card payments in stablecoins on the Visa network, processing millions of transactions across 150+ countries. The funding will accelerate Rain’s mission to make stablecoins instantly usable for everyday commerce, supported by regulatory advancements like the U.S. GENIUS Act and Europe’s MiCA framework.

Use of Funds

Rain plans to allocate the $58 million to:

• Platform Expansion: Enhance its modular, stablecoin-native infrastructure to support more flexible and compliant payment solutions.
• Hiring: Recruit talent in engineering, commercial, and compliance to support scaling operations and ensure regulatory adherence.
• Market Expansion: Enter new regions, including Europe, the Middle East, Africa, and Asia-Pacific, to broaden its global reach.
• Partner Support: Help existing partners, such as Nuvei, Avalanche, Dakota, and Nomad, scale their programs for merchant payouts, consumer purchases, B2B spend, and cross-border payroll.

Investor Perspective

Sapphire Ventures’ leadership in the round, with Jai Das joining Rain’s board, signals strong backing from a firm with over $11 billion in assets under management. Investors see Rain as addressing a critical gap in stablecoin usability, connecting hundreds of billions in stablecoin circulation to practical, everyday spending via Visa’s global network. The participation of crypto-focused funds like Dragonfly and Galaxy Ventures highlights Rain’s alignment with the growing blockchain and digital asset ecosystem.

Rain, headquartered in New York, is a global stablecoin infrastructure platform designed for enterprises, neobanks, platforms, and developers. Founded to address inefficiencies in traditional financial systems, Rain’s platform enables partners to move, store, and use stablecoins instantly through global payment cards, on/off-ramps, wallets, and cross-border rails. As a Visa Principal Member, Rain issues cards accepted wherever Visa is used, powering millions of purchases in over 150 countries. Its infrastructure is built natively for stablecoins, avoiding reliance on retrofitted fiat systems, and adheres to enterprise compliance standards, including PCI DSS, SOC 2, and audited smart contracts.

Funding Round Details

Rain’s Series B funding round raised $58 million, bringing its total funding to $88.5 million. The round was led by Sapphire Ventures, a global venture capital firm with a focus on software and technology investments. Other investors included:

• Dragonfly: A venture capital firm specializing in crypto and blockchain technologies.
• Galaxy Ventures: A fund focused on digital assets and blockchain infrastructure.
• Endeavor Catalyst: The investment arm of Endeavor, supporting high-growth entrepreneurs.
• Samsung Next: Samsung’s venture arm, investing in innovative technologies.
• Lightspeed: A global venture capital firm backing disruptive tech companies.
• Norwest: A venture capital and growth equity firm with a broad investment portfolio.

The round’s timing, just five months after Rain’s Series A, reflects the company’s rapid growth and the increasing enterprise demand for stablecoin solutions. Rain’s transaction volume grew 10x in 2025, driven by partnerships with companies like Nuvei, Avalanche, Dakota, and Nomad, who use its infrastructure for diverse applications, including merchant payouts, consumer purchases, B2B spending, and cross-border payroll.

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Strategic Use of Funds

The $58 million will fuel Rain’s expansion in several key areas:

1. Platform Development: Rain’s vertically integrated platform covers money-in, storage, spending, and money-out through a single API. The funding will enhance its modular infrastructure, allowing partners to customize solutions for their specific needs, from card issuance to payment workflows.
2. Global Expansion: Rain currently serves over 1.5 billion people through its platform and plans to expand into Europe, the Middle East, Africa, and Asia-Pacific. This aligns with growing global demand for stablecoin-based payments, particularly in regions with limited access to traditional financial infrastructure.
3. Hiring Initiatives: Rain is investing in talent across engineering, commercial, and compliance teams to support its scaling operations. Compliance is a critical focus, given the regulatory complexities of stablecoin adoption.
4. Partner Ecosystem Growth: The funding will help Rain’s existing partners scale their programs and attract new partners, including fintechs, banks, and marketplaces seeking to integrate stablecoin functionality.

Market Context and Regulatory Tailwinds

Rain’s funding comes at a pivotal moment for stablecoins, with their circulation reaching hundreds of billions globally. Regulatory frameworks like the U.S. GENIUS Act and Europe’s MiCA have provided clearer paths for stablecoin adoption, reducing barriers for enterprises. Rain’s platform is designed to meet these regulatory requirements, offering built-in KYC, AML, and compliance features. Its SOC 2 certification and audited smart contracts further ensure enterprise-grade security and trust.

Comparison with Other Fintech Funding

To contextualize Rain’s funding, it’s worth noting other fintech funding rounds in 2025:

• Rain (EWA-focused): Another company named Rain, based in Los Angeles and focused on earned wage access (EWA), raised $75 million in a Series B round in April 2025, led by Prosus. This round valued the company at $340 million and aimed to expand EWA and financial wellness tools.
• General Fintech Trends: Global fintech funding in 2025 has seen $13.1 billion raised, with average deal sizes increasing 20% year-over-year to $21.94 million. The EWA sector, while distinct from Rain’s stablecoin focus, saw $569 million in venture funding in 2024, indicating strong investor interest in innovative payment solutions.

Impact and Future Outlook

Rain’s Series B funding positions it to capitalize on the growing adoption of stablecoins in global commerce. Its ability to process millions of transactions across 150+ countries and serve 1.5 billion people through a single integration highlights its scalability. The involvement of high-profile investors and the addition of Jai Das to the board signal strong market confidence in Rain’s vision. By focusing on compliance, modularity, and speed, Rain is well-positioned to lead the stablecoin infrastructure market, particularly as regulatory clarity drives enterprise adoption.

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