Rain
Rain is a financial technology company that provides an enterprise-grade, stablecoin-powered payments infrastructure. The company's platform enables businesses such as fintechs, neobanks, and global enterprises to integrate and offer digital asset-based financial products through a single API connection. [1] [2] The company's legal name is Signify Holdings, Inc., and it operates under the registered trademark Rain. [1]
Overview
Rain's core business revolves around bridging traditional financial systems with the global reach of stablecoins. The company offers a "full-stack" platform that provides all necessary components for businesses to launch stablecoin payment programs, including embedded wallets, fiat on-ramps and off-ramps, and the issuance of stablecoin-linked payment cards. Rain's stated mission is to create a "more fluid financial system" and make tokenized money a default method for both consumer and business transactions. [1] [2]
The platform is designed with a developer-first approach, aiming to allow clients to launch new financial products in weeks. It incorporates compliance features such as Know Your Customer (KYC) and Anti-Money Laundering (AML) checks and is SOC 2 compliant. Rain emphasizes that it is not a bank, exchange, or asset custodian; instead, its payment products are provided through partnerships with licensed financial institutions. [1] As a Visa Principal Member, Rain can directly issue cards that are accepted on the global Visa network. [2]
History
The company's digital presence began with the creation of its X (formerly Twitter) account in April 2021. [3] Rain publicly launched on April 27, 2022, announcing itself as "the corporate card built for Web3 teams" alongside a $6 million seed funding round. [3]
Throughout 2024 and 2025, Rain secured several key partnerships that expanded its platform's reach. In October 2024, the company announced an exclusive partnership with Ava Labs, the developer of the Avalanche blockchain, to launch the Avalanche Card for self-custodial spending. [3] In May 2025, Rain revealed a strategic partnership with Visa to develop on-chain settlement infrastructure using USDC, aiming to enable 24/7 settlement and create tokenized credit receivables. [3]
This was followed by an August 2025 announcement of a collaboration with the state of Wyoming to issue a payment card for FRNT, the first state-issued stablecoin in the United States. [3]
The year 2025 marked a period of significant growth for the company. By the end of the year, Rain's active card base had increased by 30 times, and its annualized payment volume grew by 38 times over the previous twelve months.
This growth was supported by multiple funding rounds, culminating in a Series C announcement on January 9, 2026. [2]
Funding
Rain has raised a total of 250 million Series C round, which brought its post-money valuation to $1.95 billion. This represented a valuation increase of more than 17 times in the 10 months since its Series A round in early 2025. [2]
| Date Announced | Funding Round | Amount Raised | Post-Money Valuation | Lead Investor(s) | Other Participating Investors |
|---|---|---|---|---|---|
| April 27, 2022 | Seed | $6 million | Not specified | Lightspeed Venture Partners | Norwest Venture Partners, AllianceDAO, , , Mischief Fund, Ventures, Khosla Ventures, Uniswap, Canonical Crypto. |
| March 24, 2025 | Series A | $24.5 million | ~$115 million (estimated) | Norwest Venture Partners | Galaxy, CompoSecure, Goldcrest, Vinyl, BDMIFund, Latitude Capital, Thayer, Hardyaka, Lightspeed Venture Partners, Ventures, Canonical Crypto. |
| August 28, 2025 | Series B | $58 million | Not specified | Sapphire Ventures | Dragonfly, Galaxy, Samsung Next, Lightspeed Venture Partners, Norwest Venture Partners, Endeavor Catalyst. |
| January 9, 2026 | Series C | $250 million | $1.95 billion | ICONIQ | Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, Endeavor Catalyst. |
The details for all funding rounds were announced via the company's official channels and press releases. [3] [2]
Products and Technology
Rain offers a modular, API-driven platform that it describes as a "full stack for the full flow of money," allowing clients to use individual components or the entire end-to-end solution. [1]
Core Platform
The core infrastructure is built to be developer-friendly and compliant, enabling enterprises to launch stablecoin-based financial services. Key features include:
- Modular Infrastructure: Clients can select specific services, such as card issuance or on-ramps, or integrate the complete suite of products.
- Developer-First API: The platform is accessible via a single API designed to facilitate rapid product launches.
- Compliance-Ready: The system has built-in KYC/AML capabilities, program oversight features, and is SOC 2 compliant to meet regulatory and security standards. [1]
Product Suite
Rain's platform offers several distinct products that can be integrated into a client's application or service: [1]
- Cards: A stablecoin card issuance platform for creating branded physical or virtual cards. These cards connect to a user's digital asset balance and are accepted at merchants globally through the Visa network.
- Money-in (On-Ramp): An API-driven service that enables end-users to convert local fiat currencies into stablecoins.
- Accounts (Embedded Wallets): Secure, embeddable digital dollar accounts (wallets) that can be funded with fiat or stablecoins. The platform also supports optional yield generation features for these accounts.
- Money-out (Off-Ramp): Facilitates wallet-to-wallet stablecoin transfers and the conversion of stablecoins back into local currencies for withdrawal, designed to streamline cross-border payments.
On-Chain Settlement
In a partnership with Visa, Rain is developing an on-chain settlement system. This infrastructure is designed to use USDC for 24/7 settlement, bypassing traditional banking hours. The system also supports the creation of "tokenized credit receivables," which aims to create more efficient and transparent credit markets within the digital asset economy. [3]
Market Adoption and Partnerships
As of January 2026, Rain's infrastructure was used by over 200 organizations, including enterprises, neobanks, and fintech platforms. The company reported an annualized transaction volume of over $3 billion, with its partners facilitating purchases in more than 150 countries. [2]
Strategic Partnerships
- Visa: Rain is a Visa Principal Member, enabling it to issue cards directly. The two companies are also collaborating on developing on-chain settlement solutions. [2] [3]
- Ava Labs (Avalanche): Rain is the exclusive technology partner for the "Avalanche Card." This card allows users to spend crypto assets such as USDC, wAVAX, and sAVAX directly from their self-custodial wallets. John Wu, President of Ava Labs, stated, "With the Avalanche Card, your cryptocurrency becomes a tool for empowerment. Rain’s infrastructure makes using digital assets feel as familiar as swiping a credit card." [1] [3]
- State of Wyoming: Rain partnered with the state of Wyoming to provide the payment card infrastructure for FRNT, the first US state-issued, dollar-pegged stablecoin. This allows the stablecoin to be spendable from its launch day for use cases such as tax refunds and social benefits distribution. [3]
Clients and Use Cases
Rain's client roster includes a mix of established financial companies, crypto-native platforms, and other enterprises. Notable partners include Western Union, Nuvei, KAST, and the Detroit Pistons. [1] [2]
- ether.fi: The DeFi platform used Rain to launch a card program. According to its CEO, Mike Silagadze, the program achieved "$1M in transactions after 30 days." He added, "Rain’s stablecoin-native product and client support are great, and allowed our DeFi platform to launch cards in weeks, not months." [1]
- Nuvei: The global payments company partnered with Rain to offer stablecoin-linked cards for B2B payments, with an initial focus on merchants in Latin America. Philip Fayer, Nuvei's Chair and CEO, commented,
“By partnering with Rain to offer stablecoin-linked cards for B2B payments, our LATAM merchants continue to receive unparalleled flexibility, security, and global reach.” [1]
Other clients listed by the company include Arculus, Wallbit, Spritz, Lootrush, Takenos, Meru, Exa App, Zar, and Kontigo. [1]
Corporate Affairs
Rain is a registered trademark of its parent company, Signify Holdings, Inc. [1] For its Series C financing round in January 2026, the company was advised by the law firm Wachtell, Lipton, Rosen & Katz. [2]