Rain Raises $250M to Scale Stablecoin Payments for Global Enterprises

Rain, a payments company building infrastructure around stablecoin settlement, has raised $250 million in a Series C funding round as it looks to scale its platform for global enterprises. The raise places Rain among the most heavily funded companies focused specifically on stablecoin-powered payments and highlights how investor attention is shifting toward blockchain use cases tied directly to real-world financial activity.

The round was led by Prosus, with participation from Khosla Ventures, General Catalyst, Lightspeed Venture Partners, and Valor Capital Group, alongside existing backers. Rain did not disclose its post-money valuation.

The company says the capital will be used to expand its global payments network, invest further in compliance and regulatory capabilities, and build new products aimed at large enterprises that move money across borders at scale. Rather than targeting consumers or crypto traders, Rain has focused its business on providing infrastructure that sits behind the scenes, allowing companies to settle payments using stablecoins while remaining aligned with local regulations.

Founded to address the inefficiencies of traditional cross-border payments, Rain positions itself as an alternative to correspondent banking networks that can take days to settle and carry high fees. By using regulated stablecoins as a settlement layer, Rain aims to enable near-instant payments, 24/7 availability, and clearer visibility over fund movements, features that are increasingly attractive to multinational businesses and payment providers.

Stablecoins have emerged as one of the more practical applications of blockchain technology, particularly as volatility continues to limit the usefulness of other crypto assets in payments. While the broader crypto market remains cyclical, demand for dollar-backed stablecoins has continued to grow, driven by remittances, B2B payments, and treasury operations. Rain’s platform is designed to abstract away the technical complexity of blockchain, allowing enterprises to benefit from stablecoin settlement without needing to directly manage wallets or on-chain infrastructure.

Rain said interest from enterprise clients has accelerated as more companies look for faster and more flexible ways to move capital internationally. Businesses operating across multiple jurisdictions often face fragmented banking systems, limited operating hours, and slow reconciliation processes. Stablecoins, when used within compliant frameworks, offer a way to reduce these frictions while maintaining predictable value.

A significant portion of the new funding will also support Rain’s regulatory and compliance efforts. The company operates across multiple regions and works with licensed partners to align with local requirements, including customer verification and sanctions-related obligations.

Investors backing the round framed stablecoin payments as a structural shift rather than a short-term trend. In comments included in the announcement, Prosus highlighted the role of stablecoins in modernizing global financial infrastructure, particularly for businesses operating in emerging markets or across fragmented banking systems. Other investors pointed to the growing gap between how quickly digital commerce operates and how slowly money still moves at the infrastructure level.

Rain’s funding also reflects a broader pattern in crypto investment. While speculative activity has cooled in some areas, capital continues to flow toward infrastructure companies with clear revenue models and enterprise customers. Payments platforms that generate fees from transaction volume and long-term contracts are increasingly viewed as more resilient than consumer-facing crypto products tied to market sentiment.

The company has not positioned itself as a replacement for banks, but rather as a complementary layer that can sit alongside existing financial institutions. Rain plans to deepen integrations with banks, payment processors, and fintech platforms, making stablecoin settlement an embedded option rather than a standalone crypto feature. It also intends to support a wider range of regulated stablecoins and local payout options as it expands into new markets.

While questions around regulation and interoperability remain, Rain’s $250 million Series C signals growing confidence that stablecoins will play a lasting role in global payments. Enterprises seeking faster settlement and greater flexibility are increasingly moving stablecoin infrastructure from experimentation into implementation. Rain is betting that, as this transition accelerates, the companies building the underlying rails will become a critical part of the next phase of the financial system.