Rain raised $250 million in a Series C funding round led by ICONIQ that valued the company at $1.95 billion. The New York-based fintech offered a payments platform that enabled businesses to issue stablecoin cards compatible with the Visa network. Executives stated the fresh capital would fund the expansion of its settlement infrastructure into new global markets.
Rain raises $250M at $1.95B valuation
Paul Drecksler is the founder and editor of Shopifreaks E-commerce Newsletter, covering the most important stories in e-commerce.
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