Rain announced on August 28 that it raised $58 million in a Series B funding round led by Sapphire Ventures. This funding will support the company's ambition to enhance its enterprise-grade stablecoin infrastructure for global payments. The move follows Rain's integration with Visa's network, where it became a Visa Principal Member in March 2025, enabling it to issue cards directly on the Visa platform. Rain's API-first infrastructure allows fintechs, corporations, and financial institutions to build stablecoin-linked payment tools, claiming to connect with over 1.5 billion users through a single integration. This current funding builds upon an earlier $24.5 million round led by Norwest Venture Partners. Rain aims to merge blockchain technology with traditional financial products, focusing on enterprise infrastructure and consumer finance markets. The timing of this investment aligns with increasing regulatory clarity in the stablecoin sector, with the implementation of the European MiCA law and the U.S. GENIUS Act.

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