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Stablecoin Company Rain Completes $250 Million Financing at $19.5 Billion Valuation, Led by ICONIQ
Summary: According to reports, stablecoin company Rain has announced the completion of a $250 million financing round at a valuation of $19.5 billion, with ICONIQ leading the investment. Other participants include Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. To date, the company has raised over $338 million. Rain helps clients launch stablecoin cards on the ...
According to reports, stablecoin company Rain has announced the completion of a $250 million financing round at a valuation of $19.5 billion, with ICONIQ leading the investment. Other participants include Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures. To date, the company has raised over $338 million. Rain helps clients launch stablecoin cards on the Visa network and plans to use this capital to expand its presence in North America, South America, Europe, Asia, and Africa markets. Additionally, the funds will be used to navigate the rapidly changing global regulatory environment. (Bloomberg)
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Link: Stablecoin Company Rain Completes $250 Million Financing at $19.5 Billion Valuation, Led by ICONIQ [Copy]
