Visa powered stablecoin firm Rain raises $58 million from Samsung and Sapphire

Rain, a fintech company building visa powered stablecoin payment systems, has raised $58 million in Series B funding. The round was led by Sapphire Ventures with participation from Samsung Next, Dragonfly, Galaxy Ventures, Lightspeed, Norwest, and Endeavor Catalyst. This brings Rain’s total funding to nearly $90 million in under a year.

Rain wants to make stablecoins practical for everyday use. Its platform allows businesses to issue digital wallets, payment cards, and cross-border transfer services through one simple API. Instead of spending years developing the infrastructure themselves, companies can plug into Rain’s system and give their customers access to fast, affordable stablecoin payments.

Being a Visa Principal Member sets Rain apart. It can issue cards that settle entirely in stablecoins and work anywhere Visa is accepted. That opens stablecoin spending to millions of shops, services, and online platforms in more than 150 countries. Since January, Rain has seen transaction volumes grow tenfold and now provides access to an estimated 1.5 billion people through its network of partners. The funding comes at a time when regulators are introducing clearer stablecoin frameworks in the United States and Europe. These rules are giving businesses the confidence to adopt digital money at scale, and investors are backing companies that combine compliance with innovation.

Rain will use the new capital to expand further into Europe, the Middle East, Africa, and Asia-Pacific. It is also hiring across engineering, compliance, and commercial teams to support new partners and products. The aim is to make stablecoin payments part of everyday finance, from payroll to remittances to ordinary shopping.

For individuals, the change could be noticeable. Stablecoin cards would allow users to spend digital money at checkout counters, send funds abroad more easily, and reduce the costs of international payments. For businesses, Rain’s system promises smoother operations when paying suppliers or employees across borders. Security and trust remain central. Rain was designed specifically for stablecoins rather than retrofitted from older banking systems. It complies with standards like PCI DSS and SOC 2, and its smart contracts are externally audited. These steps are meant to assure both businesses and consumers that their money is handled safely.

Rain’s $58 million raise highlights how stablecoin payments are moving closer to the mainstream. With backing from Visa, Samsung, and Sapphire Ventures, the company is positioning itself to become one of the leading global platforms for digital money.