Rain raises $250m to scale stablecoin payments infrastructure

By Vriti Gothi

Bahrain-based FinTech Rain has raised $250 million in fresh funding, lifting its valuation to $1.95 billion and reinforcing growing investor confidence in stablecoins as a practical payments instrument rather than a speculative crypto asset.

The funding will be used to scale Rain’s stablecoin-based payments infrastructure, with a focus on corporate and institutional clients seeking faster and lower-cost alternatives to traditional cross-border transfers. The company plans to expand its suite of services, which includes stablecoin payments, card issuing and instant settlement capabilities.

The raise comes as stablecoins gain traction as a tool for treasury management, international settlements and real-time payments. While volatility continues to limit the use of cryptocurrencies such as bitcoin in enterprise finance, stablecoins designed to maintain a fixed value are increasingly viewed as “financial plumbing” that can deliver blockchain efficiency without price risk.

Rain’s strategy centres on positioning itself as infrastructure rather than a consumer-facing crypto platform. By emphasising compliance, operational simplicity and regulatory alignment, the company aims to address common barriers that have slowed institutional adoption of blockchain-based payments.

Demand for such solutions is rising as businesses look to reduce reliance on correspondent banking networks, which are often criticised for high fees, limited transparency and settlement delays. Clearer regulatory frameworks in several markets have also made corporates more comfortable exploring stablecoin-based settlement models.

Rain said the capital injection will support expansion into new markets and further investment in its technology stack, as it seeks to serve a broader base of corporate and institutional customers. As stablecoins move deeper into the financial mainstream, the company is betting that a low-profile, infrastructure-led approach will resonate with enterprises focused on efficiency rather than crypto hype.