About Rain
Rain is a company based in Brooklyn (United States) founded in 2021 by Charles Naut and Farooq M. It operates as a FinTech and API-as-a-Product. Rain has raised $332.5 million across 3 funding rounds from investors including Galaxy, Lightspeed Venture Partners and DRAGONFLY. Rain has completed 2 acquisitions, including Ansa and Uptop. Rain offers products and services including Stablecoin Cards, Money-in On-ramp, Accounts, and Money-out Off-ramp.
- Headquarter Brooklyn, United States
- Founders Charles Naut, Farooq M
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Sectors
Financial Services
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Phone
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Website
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Social
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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.
People of Rain
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Funding Insights of Rain
Rain has successfully raised a total of $332.5M 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.
Investors in Rain
Rain has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include Galaxy, Lightspeed Venture Partners and DRAGONFLY.
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Venture capital and equity principal services are provided by Dragonfly.
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Venture capital fund investing in early-stage tech startups
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Investor details 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.
Investment portfolio details for Rain
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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White-label closed-loop payment systems are provided for businesses.
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Locked | Locked | 2022 | Locked | |
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Blockchain platform for loyalty programs is utilized by brands.
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Locked | Locked | 2022 | Locked |
Complete acquisition details for Rain
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Financial Statements - Rain
Detailed financials for Rain
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Rain Comparisons
Peer comparison for Rain
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Competitors of Rain
Detailed competitors of Rain
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Latest news on Rain
Complete news archive for 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 current CEO of Rain. They have also founded this company.
Rain is a funded company, having raised a total of $332.5M across 3 funding rounds to date.
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 19 investors. Key investors include Galaxy, Lightspeed Venture Partners, DRAGONFLY, Sapphire Ventures, and Samsung NEXT.