Rain just raised $250M Series C at $1.95B valuation — 17x growth in 10 months.

What it is: Enterprise stablecoin payments infrastructure that makes crypto feel like traditional payments.

Key metrics:
• $250M Series C led by ICONIQ
• $1.95B valuation (17x in 10 months)
• $3B+ annualized transaction volume
• 200+ enterprise partners including Western Union
• 30x active card growth in 1 year

How it happened:
• Built full-stack infrastructure (cards, wallets, compliance)
• Became Visa Principal Member for global acceptance
• Focused on enterprise-grade compliance from day one
• Partnered with major players like Western Union early
• Scaled to 150+ countries with regulatory readiness

The takeaway: Stablecoins are becoming mainstream payment rails. Rain positioned as the infrastructure layer enterprises need.

Source: PR Newswire

Brewed by Startup Beaker.