Fintech Rain raised $58 million in Series B funding to accelerate stablecoin payments on Visa, expanding instant spendability across 150+ countries. The round, led by Sapphire Ventures with Dragonfly, Galaxy Ventures, Samsung Next, Endeavor Catalyst, Lightspeed, and Norwest participating, lifts total funding to $88.5 million. The Rain $58M Series B stablecoin push on Visa network will scale physical and virtual cards that convert stablecoins at checkout, making consumer and B2B transactions seamless. CEO and co-founder Farooq Malik says the mission is to make stablecoins usable everywhere, not just on-chain. Powered by Visa’s reach and Rain’s compliant rails, the company reports a tenfold transaction surge across merchant payouts, cross-border payroll, and everyday spending.
Visa partnership momentum
Visa partnership execution is central to the Rain $58M Series B stablecoin push on Visa network. The card giant was early to stablecoins, piloting USDC on Ethereum for settlement and expanding via Stripe Bridge to reach more regions. With Rain’s infrastructure, stablecoin-backed cards can tap the Visa network instantly, so users can spend digital dollars anywhere Visa is accepted. That removes the biggest blocker for consumer crypto payments: real-world usability. For traders and builders, it’s a powerful bridge between wallets and checkouts.
Compliant stablecoin infrastructure
The Rain $58M Series B stablecoin push on Visa network prioritizes compliance by design. Rain tailors KYC, AML, and regional controls for issuers, fintechs, and enterprises that need audit-ready flows. That approach appeals to institutions that want compliant stablecoin infrastructure without stitching together multiple vendors. It also helps platforms route transactions across chains while meeting local rules. For global teams, the compliance lift is often what determines go-live speed.
Stablecoin-backed cards today
Stablecoin-backed cards are seeing real adoption as issuers and payment providers plug into Rain’s stack. Users can fund a card with stablecoins and spend at point of sale, online, or in-app, with instant authorization on the Visa network. The Rain $58M Series B stablecoin push on Visa network targets faster settlement and fewer failed transactions, a common pain in crypto-to-fiat bridges. The model also supports programmatic spend policies for teams, enabling safe issuance for Web3 orgs.
Funding led by Sapphire Ventures
Sapphire Ventures led the Series B funding after seeing stablecoin volumes scale into the hundreds of billions. Co-investors include Dragonfly, Galaxy Ventures, Samsung Next, Endeavor Catalyst, Lightspeed, and Norwest. Backers argue that the Rain $58M Series B stablecoin push on Visa network can become a backbone for global payments, especially as issuers prioritize reliability and compliance. The capital will deepen product, expand partner integrations, and support new regions.
CEO Farooq Malik vision
Farooq Malik frames the Rain $58M Series B stablecoin push on Visa network as a usability unlock. Stablecoins work well on-chain, but spending them in daily life still lags. Malik’s thesis: connect Web3 balances to card rails people already trust, and adoption follows. The approach lets crypto-native users keep value on-chain while accessing the broadest merchant network on earth. It’s pragmatic crypto UX—less friction, more utility.
Global payments use cases
Rain’s growth comes from clear use cases. Merchant payouts in stablecoin reduce fees and delays for marketplaces and gig platforms. Cross-border payroll helps global teams avoid bank bottlenecks and timezone friction. Consumers get instant purchasing power while holding digital dollars, improving the appeal of consumer crypto payments. The Rain $58M Series B stablecoin push on Visa network aims to harmonize these flows into one scalable stack.
GENIUS Act regulatory framework
Policy momentum matters. The GENIUS Act regulatory framework, signed in the U.S., gives stablecoin issuers clearer guardrails and reporting standards. That clarity helps large fintechs and enterprises move from pilots to production. As rules harden, the Rain $58M Series B stablecoin push on Visa network benefits from lower regulatory uncertainty, a key driver for banks, processors, and merchants considering stablecoin rails.
USDC on Ethereum
Visa’s past support for USDC on Ethereum proved that stablecoin settlement can operate alongside traditional networks. With Stripe Bridge expanding reach, integration paths are simpler for platforms that already use Stripe or Visa partners. The Rain $58M Series B stablecoin push on Visa network builds on that foundation to bring stablecoin-backed cards to scale. Expect more chains and issuers over time as routing becomes chain-agnostic.
Nuvei and Avalanche
Rain’s ecosystem includes Nuvei, Avalanche, Dakota, and Nomad, which use or complement its infrastructure to deliver better settlement, on/off-ramps, and programmatic spend. Partnerships like these help the Rain $58M Series B stablecoin push on Visa network run closer to real-time. For traders tracking multi-chain growth, the tie-ins with Avalanche and other networks show how card rails can tap liquidity across ecosystems.
Investor and market context
DefiDonkey readers have seen fast-moving stablecoin news, from USDC on Ethereum settlement to USDT expansion on Bitcoin via RGB. The Rain $58M Series B stablecoin push on Visa network fits that arc, shifting from pure on-chain transfers to mainstream payments. The result is stronger fiat-crypto interoperability, better UX, and a path to onboard the next wave of users without new habits. If crypto is to power global commerce, this is how it becomes invisible and ubiquitous.
Frequently asked questions about Rain $58M Series B stablecoin push on Visa network (FAQ)
What does Rain do in simple terms?
Rain connects stablecoin balances to Visa cards so users and businesses can spend digital dollars anywhere Visa is accepted. It handles compliance, conversion, and settlement behind the scenes.
How will this affect consumer crypto payments?
It should make spending stablecoins as easy as using a normal card. That reduces friction, failed transactions, and wait times at checkout.
Which investors backed the Series B funding?
Sapphire Ventures led the round, with Dragonfly, Galaxy Ventures, Samsung Next, Endeavor Catalyst, Lightspeed, and Norwest participating.
What use cases are growing fastest?
Merchant payouts, cross-border payroll, and programmatic corporate cards are scaling quickly, alongside everyday consumer purchases.
Is the regulatory outlook improving?
Yes. The GENIUS Act regulatory framework in the U.S. gives issuers and payment providers clearer rules, encouraging larger-scale deployments.
