Rain, Blockchain-based card issuing and stablecoin interoperability platform, Raise $24.5M Series A Funding on Mar 24, 2025

March 25, 2025

Rain has secured $24.5 million in a Series A funding round, with Norwest Venture Partners leading the investment. Additional participants in the round include Galaxy Digital, CompoSecure, Goldcrest, Vinyl, Bessemer Venture Partners (BDMI), Latitude Capital, Thayer, and Hard Yaka. Existing backers Lightspeed Venture Partners, Coinbase Ventures, and Canonical Crypto also contributed to the latest funding. The capital will be directed toward expanding Rain’s operations and further developing its blockchain-powered payments infrastructure.

The company provides stablecoin-enabled payment solutions, integrating blockchain technology with Visa-powered card issuance. As stablecoins gain wider adoption, Rain aims to enhance the efficiency of digital asset transactions by offering a bridge between traditional payment networks and blockchain-based finance. Its Visa Principal Membership enables direct issuance of stablecoin-backed cards, facilitating global transactions, remittances, and cross-border payments.

With this investment, Rain plans to scale its workforce and strengthen its infrastructure. The company is currently recruiting for key positions to support its expansion strategy. The funding marks a critical step in Rain’s efforts to integrate stablecoin payments into mainstream financial systems, positioning itself within the evolving digital payments sector.

About Rain

Rain is a financial technology firm that issues payment cards backed by stablecoins. The company’s infrastructure allows users to conduct transactions using digital assets within traditional payment networks. Through its Visa Principal Membership, Rain provides businesses and consumers with access to blockchain-powered financial services.

Website: https://www.raincards.xyz/

X: @raincards

About Investor

Norwest Venture Partners

Norwest Venture Partners is a venture capital and growth equity firm investing in companies across enterprise, consumer, and healthcare sectors. With decades of experience, the firm provides capital and strategic guidance to businesses at various growth stages.

Location: Menlo Park, California, USA

Website: https://www.nvp.com/

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