Stablecoin infrastructure provider Rain secured $250 million in a Series C funding round. Global investment firm Iconiq led the financing, which values the U.S.-based company at $1.95 billion.
Rain, a principal member of the Visa payment network, now boasts $338 million in total funding. The company’s platform enables firms to launch compliant stablecoin cards accepted anywhere Visa is.
The new capital will fuel expansion across five continents: North America, South America, Europe, Asia, and Africa. Rain will also use the funds to scale its payments platform. This follows significant growth in 2025, when the company’s active card base increased 30-fold.