Rain, a stablecoin payment infrastructure company best known for issuing stablecoin-based Visa cards, has completed a $58 million Series B funding round led by Sapphire Ventures. The financing included participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest, bringing the company’s total funding to $88.5 million. Its Series A was only closed five months ago.
The New York based firm supports businesses, enabling them to integrate stablecoin payments into their operations. Its offerings include compliant stablecoin powered cards, wallets and payment programs through an API integration. It even also supports payroll payments based on stablecoins.
Rain has experienced significant growth in 2025, with transaction volume increasing tenfold since January. However, it did not share any dollar figures. The company said it processes millions of transactions across more than 150 countries through its physical and virtual card programs, which make stablecoins instantly usable wherever Visa is accepted.
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