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Stablecoin firm Rain raises $250M Series C at $1.95B valuation to grow Visa card network
Rain, a U.S.-based stablecoin infrastructure provider and principal member of the Visa network, has closed a $250 million Series C round at a $1.95 billion valuation to accelerate its international expansion. The company, which saw its active card base grow 30-fold in 2025 and annualized payment volume jump 38 times, plans to use the capital to scale its platform and enter markets across the Americas, Europe, Asia and Africa. Existing and new investors, including Iconiq and several major venture firms, joined the round, bringing Rain's total funding to $338 million.