Rain

Challenger

Raised $250M Series C at $1.95B valuation (Jan 2026). $3B+ annualized transaction volume. 30x active card base growth YoY.

Stablecoin Payments Infrastructure
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Updated April 2026

Company Overview

About Rain

Rain is a B2B stablecoin payments infrastructure company that enables enterprises to issue, manage, and transact using stablecoins on global card networks. Founded in 2022, Rain raised $250 million in Series C financing in January 2026, achieving a $1.95 billion valuation — a 17x increase in just ten months — led by investors including Western Union Strategic Ventures.

Business Model & Competitive Advantage

The company processes over $3 billion in annualized transaction volume and has grown its active card base 30x year-over-year, with 200+ enterprise clients including Western Union and Nuvei. Rain's platform abstracts the complexity of blockchain settlement, allowing enterprises to use stablecoins for cross-border payments, treasury management, and card issuance without building crypto infrastructure in-house.

Competitive Landscape 2025–2026

Rain's rapid growth reflects accelerating enterprise adoption of stablecoins as dollar-denominated settlement rails. As regulatory clarity around stablecoins improves in the US and internationally, Rain is positioned as the plumbing layer that connects traditional enterprise payment workflows to on-chain settlement — a category with few proven competitors at scale.

Revenue
$250M
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Key Differentiators

Strong Challenger

Rain is an established challenger with significant market presence and competitive offerings in Crypto / Web3.

Growth Stage

Rain has achieved $250M in revenue, demonstrating strong product-market fit.

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