Rain, a four-year-old fintech that points Visa fee playing cards backed by stablecoins, has raised $58 million in Collection B financing led by enterprise-technology specialist Sapphire Ventures
Rain, a four-year-old fintech that points Visa fee playing cards backed by stablecoins, has raised $58 million in Collection B financing led by enterprise-technology specialist Sapphire Ventures. Further backers embody Samsung Subsequent, Dragonfly, Galaxy, Lightspeed Enterprise Companions, Norwest Enterprise Companions and Endeavor International.
The newest spherical comes simply 5 months after the San Francisco-based firm closed a $24.5 million Collection A led by Norwest, lifting Rain’s whole funding to about $88.5 million. Rain stated it can use the capital to scale its platform, which permits companies to situation playing cards that spend USDC and different stablecoins instantly on current fee networks.
Firm executives stated adoption of stablecoin-linked funds has accelerated in 2025 as companies search sooner and cheaper cross-border transactions. Sapphire Ventures famous the deal is its first funding tied to stablecoins, underscoring rising institutional curiosity in blockchain-based fee infrastructure.
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