About Rain
Rain is a Financial Services company based in Brooklyn (United States) founded in 2021 by Charles Naut and Farooq M. Stablecoin-powered cards and payment infrastructure are provided by Rain. It operates on a FinTech and API-as-a-Product model. Rain has raised $338 million across 3 funding rounds from investors including Coinbase, Bessemer Venture Partners and Galaxy. The company has 189 employees. Rain has completed 2 acquisitions, including Ansa and Uptop. Rain was last valued at $1.95 billion in January 2026. Its chief executive, as recorded, is Farooq M. Its website rain.xyz draws about 131 thousand monthly visits. Rain offers products and services including Stablecoin Cards, Money-in On-ramp, Accounts, and Money-out Off-ramp. Its focus areas include Financials and Digital Payments.
Company details
Rain is engaged in providing stablecoin-backed financial solutions. Infrastructure for cards and payments is developed to enable global transactions. Services include on-ramps for converting local currency to stablecoins, digital wallet accounts, and off-ramps for cross-border payments. The platform is utilized by fintechs, neobanks, and exchanges across over 150 countries. Enterprise-grade compliance and modular API tools are offered to support rapid deployment. Focus is placed on modern financial experiences without legacy system constraints.
Products & Services of Rain
Rain offers a comprehensive portfolio of products and services, including Stablecoin Cards, Money-in On-ramp, Accounts, and Money-out Off-ramp.
Cards linked to stablecoins are issued for global payments.
Local currency is converted to stablecoins for user transactions.
Digital wallets are provided for stablecoin and fiat funding.
Stablecoins are sent or converted to local currency instantly.
Funding Insights of Rain
Rain has successfully raised a total of $338M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $250 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $338M
- Total Rounds 3
- Last Round Series C — $250M
- First Round $24.5M
(Mar 2025)
- Investors Count 23
All 3 funding rounds of Rain with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $250M | Series C | – | Iconiq Capital | |
| Aug 2025 | $58M | Series B | – | Sapphire Ventures | |
| Mar 2025 | $24.5M | Series A | – | Norwest |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Rain
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Last known valuation $1.95B (Jan 2026). 23 investors in total: 23 institutional.
Investors in Rain
Rain has secured backing from 23 investors, including venture fund and institutional investors. Prominent investors backing the company include Coinbase, Bessemer Venture Partners and Galaxy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm partnering with enterprise software companies and early-stage funds. | sapphireventures.com | |||
Venture capital and equity principal services are provided by Dragonfly. | 2018 | dragonfly.xyz | Oakland, United States | |
Venture capital fund investing in early-stage tech startups | samsungnext.com | Berlin, Germany | ||
Endeavor is focused on supporting high-impact entrepreneurs globally. | endeavor.org | New York, United States | ||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Provider of investment management and real asset services | iconiqcapital.com | San Francisco, United States | ||
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Early-stage venture capital is invested in tech startups across sectors. | 1987 | firstmark.com | New York, United States | |
| endeavor.org.gr |
Investor details for Rain
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People of Rain
19 people are tracked at Rain (8 in leadership, 11 in team); the tracked headcount is 189.
| Name | Role | Group |
|---|---|---|
Charles Naut | Co-Founder | Leadership |
Farooq M | Co-Founder & CEO | Leadership |
Nick Pinto | Vp, BD & Partnerships | Leadership |
Jennifer Greenberg | Founding Chief Of Staff | Leadership |
Farooq Malik | Co-founder And CEO | Leadership |
Christopher Grieco | General Counsel and Chief Compliance Officer | Leadership |
Kevin Carr | Chief Compliance Officer | Leadership |
Sean Clark | Director Of Partnerships | Leadership |
David Diienno | Full Stack Engineer | Team |
Jerry Tian | Software Architect | Team |
Miles Green | Business Operations | Team |
Shailesh Vasandani | Founding Software Engineer | Team |
Aditya Vinod Kumar | Software Engineer | Team |
Charlie K. | Founding Blockchain Engineer | Team |
Chris Lee | Finance | Team |
Manuel Diaz-Granados | Engineer | Team |
Maxwell Holyoke-Hirsch | Senior Product Designer | Team |
Michael Little | CX Manager | Team |
Camila Gonzalez del Toro | Associate Counsel | Team |
Complete people profiles for Rain
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Investments & Acquisitions by Rain
Rain has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ansa and Uptop.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
White-label closed-loop payment systems are provided for businesses. | ansa.dev | San Francisco, United States | 2022 | Aug 2026 | •••• | |
Blockchain platform for loyalty programs is utilized by brands. | uptop.xyz | New York, United States | 2022 | Nov 2025 | •••• |
Complete acquisition details for Rain
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Timeline of Rain
6 dated milestones of Rain across 5 years, from founding to its latest funding, stage changes and deals.
Web traffic of Rain
The website of Rain (rain.xyz) receives about 131.1K visits a month.
- Monthly visits131.1K
▲ 86.1% vs previous month
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Rain (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about Rain
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Frequently Asked Questions about Rain
Rain was founded in 2021 and raised its 1st funding round 4 years after it was founded.
Rain is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Farooq M is the CEO of Rain, as recorded in our data. They have also founded this company.
Rain is a funded company, having raised a total of $338M across 3 funding rounds to date. The company's 1st funding round was a Series A of $24.5M, raised on Mar 2025.
Rain has 189 employees.
Rain is engaged in providing stablecoin-backed financial solutions. Infrastructure for cards and payments is developed to enable global transactions. Services include on-ramps for converting local currency to stablecoins, digital wallet accounts, and off-ramps for cross-border payments. The platform is utilized by fintechs, neobanks, and exchanges across over 150 countries. Enterprise-grade compliance and modular API tools are offered to support rapid deployment. Focus is placed on modern financial experiences without legacy system constraints.
Rain offers Stablecoin Cards, Money-in On-ramp, Accounts, and Money-out Off-ramp.
Rain has 23 investors. Key investors include Coinbase, Bessemer Venture Partners, Galaxy, Lightspeed Venture Partners, and Khosla Ventures.
The valuation of Rain is $1.95B as of Jan 2026.
The website of Rain receives about 131 thousand visits a month.