Rain Raises $58M to Expand Stablecoin-Powered Card Infrastructure
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Rain, a startup building payments infrastructure around stablecoins, has secured $58 million in Series B funding, the company revealed Thursday.
The round was led by Sapphire Ventures and included backing from Samsung Next, Dragonfly, Galaxy Ventures, Endeavor Catalyst, Lightspeed, and Norwest.
This latest raise comes just months after Rain’s $24.5 million round in March, bringing its total funding to $88.5 million.
Building stablecoin-powered finance
Rain specializes in what it calls enterprise-grade infrastructure for stablecoin-based payments. Its technology allows fintechs, banks, and marketplaces to issue Visa debit and credit cards, digital wallets, and other programs tied directly to stablecoins.
The company believes demand is rising sharply. “Enterprise interest in stablecoins has surged following the GENIUS Act in the U.S. and the MiCA framework in Europe, which have created a clear regulatory path for adoption,” Rain said in its announcement.
Why it matters
As regulators provide clearer guidelines around digital assets, institutional players are looking for practical ways to integrate stablecoins into existing financial systems. Rain’s approach positions it as a bridge between traditional banking infrastructure and the growing world of blockchain-based payments.
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