2026-01-09 19:36:16

Payment infrastructure startup Rain just closed a Series C funding round of $250 million, pushing its valuation to $1.95 billion. The round was led by ICONIQ Capital, bringing total funding to over $338 million since inception.

The platform has carved out a meaningful position in cross-border payments, now processing over $3 billion in annualized transactions across more than 200 partners globally, including established players like Western Union. Rain operates as a Visa Principal, enabling card acceptance in 150+ countries, which positions it as a bridge between traditional finance and blockchain-based settlement layers.

This funding demonstrates continued investor appetite for stablecoin-enabled payment rails that can integrate legacy financial infrastructure with Web3 settlement mechanisms.

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NFTRegretful

· 15h ago

$1.95 billion valuation, traditional finance and Web3 are really becoming more intertwined. This is the right path.

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DataOnlooker

· 22h ago

Rain's recent funding indeed gave a strong boost to the stablecoin payment ecosystem. Connecting traditional finance with Web3 is truly a direction full of imagination. Collaborating with giants like Visa and Western Union shows that this is definitely not an air project.

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DegenWhisperer

· 01-09 20:04

This financing figure looks impressive, but it feels like traditional financial players are just putting a Web3 label on themselves... Rain raised 250 million and still teams up with Visa. Can it really break through anything? It seems more like it has been tamed. The story of stablecoin payments has been told for so long, why are cross-border transfers still so slow... Web3 bridges sound impressive, but in reality, they are just middlemen, making a profit from the spread. Support from 150 countries for cards... this data seems a bit fishy. What is the real experience? Investors are still chasing this track, which means no one has truly solved the problem yet. With a valuation of 1.95 billion and more funding, it feels like the closer we get to real innovation, the further away we are.

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SwapWhisperer

· 01-09 20:03

Bro, this fundraising amount is indeed impressive, but can stablecoin payments really be implemented? Rain's move is quite clever, directly bridging traditional finance and Web3 to make money. $25 billion? No, $2.5 billion... I always get this damn exchange rate wrong. Backed by traditional giants like Visa and Western Union, it definitely boosts the credibility of stablecoin payments. An annual transaction volume of $300 million sounds okay, but somehow the growth doesn't seem that rapid. This is the real infrastructure play, unlike those vapor projects. Finally, someone has figured out how to commercialize stablecoins.

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SchrodingerWallet

· 01-09 20:02

1.95 billion valuation, cross-border payments are indeed hot Rain getting Visa support, investors are still optimistic about stablecoins But with an annual trading volume of 300 million, this number still feels a bit small... Can traditional finance and Web3 truly seamlessly integrate? Let's see first A large financing of 2.5 million, but this fundraising speed is really fast

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NestedFox

· 01-09 19:50

Wow, this financing amount, the story of stablecoin payments is back again... Is traditional finance really embracing blockchain that smoothly? Rain is really starting to look more and more like an intermediary, with over 150 countries involved, even Visa has to cooperate... Wait, can the Web3 settlement layer really replace traditional clearing and settlement? I'm still a bit skeptical about this. This valuation increase is outrageous, it feels like another round of intense funding competition is about to happen.

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GasFeeCrybaby

· 01-09 19:43

Rain's recent funding round was indeed aggressive, but I still think the path of stablecoin payments is a bit challenging. Can traditional finance and Web3 truly connect seamlessly? I remain skeptical; money is easy to make but the waters are deep. 200 partners sound impressive, but how many can really survive? Anyway, I can't see through it. The prospects for stablecoin payments look good, but it just feels like something is missing for it to explode. Web3 payments will have to wait a bit longer; entering now seems to make everyone a big fool. Rain has raised so much money, but it doesn't necessarily guarantee victory. With such fierce market competition, how can they stand out? Handling $300 million in transactions annually, compared to traditional payments, it's really just a drop in the ocean. This funding round mainly revolves around hype around the stablecoin concept. Let's wait and see after the hype passes.

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SmartContractDiver

· 01-09 19:40

Rain's valuation is quite aggressive, with a 2.5 billion funding round directly pushing it to 1.95... Can the bridge between traditional finance and Web3 really be built? Stablecoin payments are definitely a battleground, but it seems there are quite a few pitfalls too. Over 150 countries accept cards, is this number exaggerated? When it comes to cross-border payments, who really wins—Rain or USDC/USDT? I have no clear answer. Web3 settlement sounds fancy, but in practice, it still relies on traditional infrastructure... Is this just a recursive loop?

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Payment infrastructure startup Rain just closed a Series C funding round of $250 million, pushing its valuation to $1.95 billion. The round was led by ICONIQ Capital, bringing total funding to over $338 million since inception.

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Payment infrastructure startup Rain just closed a Series C funding round of $250 million, pushing its valuation to $1.95 billion. The round was led by ICONIQ Capital, bringing total funding to over $338 million since inception.

Trending Topics

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Hot Gate Fun

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升职加薪

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Your First Words Matter! Share your first post on and split $10,000 in New Year rewards. Post with #My2026FirstPost to share your New Year wish 2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you! Ends on Jan 15, 2026, 16:00 UTC 2026 starts with this post!

Your First Words Matter!
Share your first post on and split $10,000 in New Year rewards.
Post with #My2026FirstPost to share your New Year wish
2026U Position Voucher, Gate New Year boxes, F1 Red Bull merch await you!
Ends on Jan 15, 2026, 16:00 UTC
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