Rain Secures $36 Million in New Funding Round
Rain, a payments infrastructure provider focused on stablecoins, has raised $36 million in fresh capital. The funding aims to accelerate efforts to enable global, everyday payments with stablecoins. The round was led by investors such as Samsung Next, Sapphire Ventures, Dragonfly, Galaxy Ventures, Lightspeed, Norwest, and Endeavor Catalyst.
Backing From Major Investors
Samsung Next, the venture arm of Samsung, participated in the round, signaling increased interest from institutional players. This Series B comes just five months after Rain closed a $24.5 million Series A, bringing its total funding to $88.5 million. The latest investment follows growing demand for easier stablecoin use in mainstream commerce.
Stablecoins Bridge to Everyday Spending
Rain provides infrastructure for fintechs, banks, and marketplaces to issue payment cards and wallets backed by stablecoins. The company reported a tenfold increase in transaction volume since January 2025, with millions of purchases processed across more than 150 countries. Rain is a Visa Principal Member and settles all card payment volume directly in stablecoins through the Visa network.
- The platform offers a single integration covering deposit, storage, spending, and payouts.
- It is built natively for stablecoins, not adapted from traditional fiat systems.
Regulatory Clarity Boosts Sector Confidence
Recent legislative changes�including the GENIUS Act in the United States and the MiCA framework in the European Union�have provided clearer compliance standards for stablecoin adoption. This has encouraged large financial institutions, such as Bank of America, to consider launching their own stablecoin products. Market analysts expect the stablecoin sector, currently led by tokens like Tether's USDT and Circle's USDC, to continue growing and potentially reach trillions of dollars in value in the coming years.
Rising Competition in Digital Payments
While Rain benefits from regulatory momentum and institutional adoption, the company faces increasing competition. Some crypto wallet providers have announced plans to launch payment cards, allowing users to use stablecoins at merchants that accept Mastercard by year-end. The digital payments landscape is expanding rapidly as new entrants seek to connect cryptocurrencies to traditional commerce.
Rain's recent raise reflects the ongoing shift as stablecoins become more embedded in global commerce, and as investors and industry players seek compliant, flexible solutions for digital payments.
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