Rain Raises $250M Series C on Jan 9, Hits $1.95B Valuation to Scale Stablecoin Payments

Rain closed a $250 million Series C, announced January 9, led by ICONIQ, valuing the stablecoin payments firm at $1.95 billion. The company plans to expand infrastructure across five continents, integrate US ACH and European SEPA, and grow Visa-linked stablecoin cards serving 150+ countries. Additional backers include Sapphire Ventures, Dragonfly, and Bessemer, bringing total funding to over $338 million.