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Rain secures $24.5 million in funding to expand its stablecoin-powered card issuance globally, backed by major investors and a new Visa Principal Membership. The platform enables direct blockchain-based settlement across multiple networks without converting crypto to fiat. Its infrastructure supports fast deployment, regulatory compliance, and global scalability for both fintechs and traditional institutions.
How Rain Attracts Millions While Scaling Across Borders
Rain has secured $24.5 million in funding to advance its mission of expanding stablecoin-powered card issuance globally. The investment round was led by Norwest Venture Partners, with participation from Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Existing backers such as Coinbase Ventures, Lightspeed Venture Partners, Vinyl Capital, Canonical Crypto, and Latitude Capital also contributed.
The funding comes as Rain experiences rapid growth, with a reported 15x increase in transaction volume over the past twelve months. The company currently processes transactions across more than 100 countries, positioning itself as a key player in the infrastructure layer of stablecoin adoption. This injection of capital is expected to enhance its settlement systems, expand into new regions, and support integrations with existing financial infrastructure.
Visa Backs Rain’s Mission to Bridge Stablecoins and Payments
Rain has entered a strategic relationship with Visa through a Principal Membership. This allows the company to issue cards directly on the Visa network without relying on intermediaries. With this capability, Rain is expanding its presence in Europe while scaling its card issuance operations across the United States and Latin America.
As a Visa Principal Member, Rain enables partners to create programs with greater flexibility. The membership simplifies the onboarding of new clients and facilitates compliance through direct access to Visa’s global network. This eliminates friction in program development and accelerates time-to-market for companies issuing both consumer and corporate cards.
Why Stablecoins Change the Game for Card Issuance
Stablecoins offer consistent value transfer and faster settlement, removing reliance on legacy financial rails. Rain leverages these properties to allow real-time authorization and settlement, reducing operational costs and providing businesses with a programmable layer of control over their funds.
Instead of forcing users to liquidate digital assets, Rain’s card infrastructure connects directly to stablecoins, allowing native spending without conversion. This system benefits users who hold digital assets in self-custody wallets or custodial solutions.
Key benefits of Rain’s stablecoin-first model include:
- Faster settlement across multiple jurisdictions
- Elimination of FX fees and long clearing times
- Increased transparency and ledger-level visibility
- Integration with decentralized finance platforms
Inside Rain’s Infrastructure: One Stack, Many Blockchains
Rain operates an omni-chain infrastructure stack that supports settlement on multiple blockchain networks. These include Base, Polygon, Solana, Optimism, Avalanche, ZKsync, and Arbitrum. The system allows businesses to issue cards tied to floating-rate or stable assets with native blockchain settlement capabilities.
This architecture is designed to be interoperable across fiat and crypto rails. Rain processes transactions and reconciles them through on-chain protocols, offering daily settlements and simplifying accounting for partners operating at global scale.
Rain’s infrastructure includes authorization routing, compliance controls, and direct settlement tools, making it a comprehensive system that supports both consumer-facing and B2B card issuance models.
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From Developer APIs to White-Labeled Cards: What Rain Offers Clients
Rain provides a developer-first platform that enables issuance through APIs, allowing fintechs and digital asset platforms to design, launch, and manage card programs. With a single integration, clients gain access to multi-market card issuance, transaction controls, and compliance automation.
The platform also supports custom branding, embedded KYC/KYB processes, and advanced servicing. Companies can launch physical and virtual cards tied to USD, with the option to distribute across multiple countries.
Additional capabilities include:
- Hosted onboarding flows
- Merchant-level transaction data
- Embedded decisioning and controls
- Interest calculations for credit products
- Real-time transaction monitoring and dispute resolution
Rain reduces the friction in program deployment, giving clients tools to scale without building backend infrastructure from scratch.
Why Financial Institutions and Startups Alike Choose Rain
Rain’s platform supports both traditional financial firms and crypto-native businesses. It provides flexible card issuance models tailored to various operational needs, including treasury management, crypto payments, and global payroll.
Partnerships with companies like Nuvei, Arculus, and MPCVault demonstrate Rain’s adaptability.
- Nuvei uses Rain to enable blockchain payments from digital wallets to merchants and bank accounts in over 60 countries.
- Arculus combines Rain’s payment technology with cold storage and biometric authentication to support secure self-custody and spending.
- MPCVault integrates Rain to issue USDC corporate cards with custom spending controls and multi-user access.
These collaborations highlight Rain’s ability to serve different verticals with specialized card programs.
What Rain’s Funding Means for the Future of Digital Finance
Rain’s funding and Visa partnership signal the growing alignment between traditional payment networks and blockchain-based settlement layers. Stablecoins are becoming integral to new financial infrastructure, and Rain is providing the tools for that shift.
By building infrastructure for direct stablecoin spending at scale, Rain enables platforms to issue cards that bypass legacy constraints, expanding access to digital finance tools in both emerging and established markets.
The company’s role in bridging on-chain assets with off-chain usability presents a significant development for stablecoin interoperability and cross-border financial services. Rain’s trajectory indicates that stablecoin-based card programs will continue to gain traction in enterprise and consumer finance ecosystems.
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