What's Happening?
Rain, a stablecoin infrastructure platform, has raised $58 million in Series B funding, bringing its total capital to $88.5 million. The funding round was led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, and Samsung Next. Rain's platform offers an API-first, modular infrastructure that enables enterprises to integrate stablecoins for cross-border transactions, B2B settlements, and merchant payouts. The platform's partnership with Visa allows it to issue cards directly on the Visa network, facilitating access to 150 million merchant locations globally. Rain's omni-chain technology supports multiple blockchains and daily settlements of stablecoins, addressing key pain points for institutional users.
Why It's Important?
The investment in Rain highlights the growing demand for stablecoin solutions in the global financial landscape. Stablecoins are becoming essential for cross-border payments, offering speed, compliance, and interoperability. Rain's platform is positioned to capitalize on this demand, providing scalable and compliant solutions that bridge traditional finance and decentralized ecosystems. The funding will support Rain's expansion into regions with significant cross-border payment inefficiencies, such as Europe, the Middle East, Africa, and the Asia-Pacific. This aligns with broader trends in financial inclusion and the rise of tokenized assets.
What's Next?
Rain plans to use the Series B funding to expand its operations and build out engineering, compliance, and commercial teams. The company aims to solidify its position as the enterprise stablecoin platform of record, connecting over 1.5 billion users through a single integration. Rain will focus on navigating regulatory complexities and maintaining technological agility to adapt to evolving compliance requirements. The expansion into new markets will address cross-border payment inefficiencies and drive adoption of stablecoin solutions.
