What is Rain's current valuation after its latest funding round?

Rain is now valued at $1.95 billion following its $250 million funding round.

Who led the $250 million funding round for Rain?

The funding round was led by ICONIQ, with participation from other notable investors.

How is Rain planning to use the $250 million funding?

Rain will use the capital to enter new markets, scale its operations, and support more enterprise launches.

Home / Business and Economy / Rain Secures $250M, Valued at $1.95B for Stablecoin Growth

Rain Secures $250M, Valued at $1.95B for Stablecoin Growth

9 Jan

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Summary

Rain announced $250 million in funding led by ICONIQ.
The stablecoin firm reached a valuation of $1.95 billion.
Capital will fuel expansion into new markets and support enterprises.

Rain Secures $250M, Valued at $1.95B for Stablecoin Growth

Rain, a prominent stablecoin firm, has successfully raised $250 million in a Series C funding round, propelling its valuation to $1.95 billion. The investment, spearheaded by ICONIQ, underscores the escalating investor enthusiasm for the cryptocurrency market. This latest capital infusion brings Rain's total funding to over $338 million.

This funding round follows closely on the heels of a previous one, occurring just four months later. Rain's valuation has surged more than seventeen-fold in a mere ten-month period. The company specializes in providing businesses with the infrastructure to issue and manage payment cards and wallets linked to stablecoins, facilitating transactions wherever Visa is accepted.