Rain is one of the largest infrastructure companies powering stablecoin-based payment cards, digital wallets and enterprise payment flows. In this article we profile the company, its services, funding milestones, scale metrics, core features, notable partners, and more
🟠 COMPANY OVERVIEW AND SCALE
@raincards provides enterprise-grade infrastructure that enables organisations to launch compliant stablecoin-powered Visa cards, wallets, on/off-ramps and cross-border payment programs through a unified API suite. Rain is a principal member of the Visa network, meaning it directly issues payment cards accepted anywhere Visa is supported.
In January 2026, Rain closed a Series C funding round of $250 million, led by @ICONIQCapital, valuing the company at $1.95 billion and bringing total capital raised to over $338 million.
Rain’s platform currently processes more than $3 billion in annualised transaction volume and supports 200+ enterprise partners worldwide. Metrics shared by the company show the active card base increased 30-fold and annualised payment volume grew 38-fold over the past year.
Rain’s infrastructure can reach 2.5 billion people through partner programs and supports card acceptance in over 150 countries at more than 150 million merchant locations via Visa.
🟠 CORE SERVICES
🔸 Stablecoin-Backed Card Issuance Rain enables partners to issue both physical and virtual Visa-branded payment cards that settle transactions directly in stablecoins rather than traditional fiat rails, removing layers of complexity for enterprises building digital payment products.
🔸 Full-Stack Payments APIs Rain provides modular APIs for money-in on-ramps, license-compliant wallet infrastructure, real-time stablecoin settlement, and secure account management.
🔸 Global On/Off-Ramps and Cross-Border Capabilities The platform supports compliant fiat-to-stablecoin conversion and payout options, enabling seamless global transfer of value tied to digital asset rails.
🔸 Additional Services Rain also supports embedded rewards, wallet-to-wallet transfers, multichain connectivity, and program management tools for enterprise partners launching payment solutions.
🟠 FEATURES THAT DEFINE THE PLATFORM
Visa Principal Membership: Direct card issuance and settlement without intermediaries.
API-First Architecture: Designed for developers building fintech and payments products.
Compliance and Security: Built-in KYC/AML and regulatory tooling to support global deployments.
Stablecoin Native Infrastructure: Natively handles settlement in USD-pegged stablecoins and integrates with major blockchain networks for settlement rail support.
Global Acceptance: Cards work at Visa endpoints worldwide in 150+ countries.
🟠 PARTNERS
Rain’s technology is deployed by a wide range of enterprises and fintech and neo banks. Some notable partners include:
To explore Rain in more depth, including its infrastructure positioning, supported features, and ecosystem connections, visit its dedicated profile on TODEY.
Rain is listed alongside other key infrastructure providers powering the crypto card industry, as well as more than 300 crypto cards and tier structures mapped across networks, issuers, and regions.
If you are researching card programs, comparing infrastructure stacks, or analysing stablecoin payment rails, the TODEY ecosystem page provides a structured, continuously updated reference point.
