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 $308 million across 2 funding rounds from investors including Galaxy, Lightspeed Venture Partners and DRAGONFLY. Rain has completed 1 acquisition, including 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Rain
Rain has successfully raised a total of $308M across 2 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 Total Funding
- Total Rounds 2
- Last Round Series C — $250.0M
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First Round
First Round
(28 Aug 2025)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series C - Rain | Valuation | Iconiq Capital | |
| Aug, 2025 | Amount | Series B - Rain | Valuation | Sapphire Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Rain
Rain has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Galaxy, Lightspeed Venture Partners and DRAGONFLY. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Founded Year | Domain | Location | |
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Venture capital and equity principal services are provided by Dragonfly.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rain
Rain has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Uptop. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Blockchain platform for loyalty programs is utilized by brands.
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2022 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Rain
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Rain Comparisons
Competitors of Rain
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Rain
When was Rain founded?
Rain was founded in 2021 and raised its 1st funding round 4 years after it was founded.
Where is Rain located?
Rain is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Rain?
Farooq M is the current CEO of Rain. They have also founded this company.
Is Rain a funded company?
Rain is a funded company, having raised a total of $308M across 2 funding rounds to date. The company's 1st funding round was a Series B of $58M, raised on Aug 28, 2025.
What does Rain do?
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.
What products or services does Rain offer?
Rain offers Stablecoin Cards, Money-in On-ramp, Accounts, and Money-out Off-ramp.
How many acquisitions has Rain made?
Rain has made 1 acquisition, including Uptop.
Who are Rain's investors?
Rain has 12 investors. Key investors include Galaxy, Lightspeed Venture Partners, DRAGONFLY, Sapphire Ventures, and Samsung NEXT.
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