When was Rain founded?

Rain was founded in 2021 and became a unicorn in 2026, reaching the milestone in 5 years. It raised its 1st funding round 4 years after its incorporation.

Where is Rain located?

Rain is headquartered in Brooklyn, United States.

Who is the current CEO of Rain?

Farooq M of Rain. They have also founded 1 company and are an angel investors in 1 startup.

How many employees does Rain have?

As of Aug 31, 2026, the latest employee count at Rain is 184.

Is Rain a funded company?

Rain is a funded company, having raised a total of $338M across 3 funding rounds to date. The company's 1st funding round was a $24.5M Series A round, raised on Mar 24, 2025.

How much is Rain worth?

The latest valuation of Rain is $1.95B as of Jan 09, 2026.

When was the latest funding round of Rain?

Rain's latest funding was a $250M Series C round on Jan 09, 2026, with participation from 9 investors.

Is Rain a Cryptocurrencies company?

The primary sectors of Rain are Cryptocurrencies and Payments.

Where does Rain rank among its competitors?

Rain ranks 4th amongst 159 active competitors, of which 24 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Kulipa, which secured an undisclosed amount in Apr, 2026.

Who are the top competitors of Rain?

Rain's top competitors include Imprint, Paysign and NymCard. Among them, Kulipa secured the most recent funding round in April, 2026.

Rain - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that Rain operate in

Rain serves in the FinTech, Blockchain Technology market segments.The primary business model of Rain are:

Company Details

Stablecoin-powered cards and payments infrastructure for a fluid financial system. This company provides an end-to-end platform unlocking the benefits of stablecoin-backed cards and payments with speed, flexibility, and global reach. It offers a full stack for the full flow of money, enabling businesses to transact with merchants globally. The infrastructure powers everything from on-ramps and wallets to cards and off-ramps, providing tools to offer modern financial experiences. It offers modular infrastructure, from full-stack card issuance to plug-and-play payments, with a developer-first API, responsive support, and streamlined onboarding. With built-in KYC, AML, program oversight, and SOC compliance, it helps partners integrate, launch confidently, and scale securely. This is a B2B, SaaS platform.

Website: www.rain.xyz/
Social

Key Metrics

Founded Year

2021

Location

Brooklyn, United States

Stage

Series C

Total Funding

$338M in 3 rounds

Latest Funding Round

Series C, Jan 09, 2026, $250M

Post Money Valuation

$1.95B as on Jan 09, 2026

Investors

Iconiq Capital & 21 more

Ranked

4^th among 159 active competitors

Employee Count

184 as on Aug 31, 2026

Investment & Acquisitions

Ansa & 1 more

Similar Companies

Paysign & 132 more

View Rain's full profile

Rain has raised a total funding of $338M over 3 rounds. Its first funding round was on Mar 24, 2025. Its latest funding round was a Series C round on Jan 09, 2026 for $250M. 9 investors participated in its latest round. Rain has 22 institutional investors.

Here is the list of recent funding rounds of Rain:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 09, 2026	$250M	Series C	$1.95B	-	Iconiq Capital	Sapphire Ventures, DRAGONFLY, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed Venture Partners, Norwest, Endeavor
Aug 28, 2025	$58M	Series B	-	-	Sapphire Ventures	DRAGONFLY, Samsung NEXT, Endeavor, Lightspeed Venture Partners, Norwest, Galaxy
Mar 24, 2025	$24.5M	Series A	-	-	Norwest	Goldcrest, Galaxy, Thayer Investment Partners, Hard Yaka, Lightspeed Venture Partners, Coinbase, VINYL, Canonical, LATITUDE CAPITAL

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View details of Rain's funding rounds and investors

The founders of Rain are Charles Naut and Farooq M. Farooq M is the CEO of Rain.

Here are the details of Rain's key team members:

Charles Naut: Co-Founder of Rain and founder of 2 other companies, Rain and Playbook HR. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Farooq M: Co-Founder & CEO of Rain. They are also an angel investor in 1 startup.

View details of Rain's Founder profiles and Board Members

Rain's employee count trend

Rain has 184 employees as of Aug 26. Here is Rain's employee count trend over the years:

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Top competitors of Rain include Imprint, Paysign and NymCard. Here is the list of Top 10 competitors of Rain, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Imprint 2020, New York City (United States), Series D	White label solutions for payment cards	$353M	Kleiner Perkins, Thrive Capital & 17 others	74/100
2nd	Paysign 1995, Henderson (United States), Public	Provider of prepaid card payments solutions for businesses	-	-	64/100
3rd	NymCard 2016, Dubai (United Arab Emirates), Series B	Issuer processing solutions for businesses	$63.1M	Shorooq Partners, Mashreq Bank & 16 others	63/100
4th	Rain 2021, Brooklyn (United States), Series C	Stablecoin-powered cards and payments infrastructure for a fluid financial system	$338M	Sapphire Ventures, Bessemer Venture Partners ... & 20 others	60/100
5th	Kulipa 2023, Paris (France), Seed	Debit card issuance API platform for crypto wallets	$9.2M	White Star Capital, Flourish & 3 others	56/100
6th	Card91 2020, Bengaluru (India), Seed	Provider of platform enabling businesses to issue and manage payment instruments	$14.2M	EMVC, Sabre Partners & 73 others	54/100
7th	Prepaid Technologies 1998, Birmingham (United States), Series B	Prepaid cards for banks and businesses	$101M	StepStone Group, Edison Partners & 2 others	49/100
8th	Apto Payments 2014, San Francisco (United States), Series A	White-label solutions for prepaid card issuance	$45.4M	Y Combinator, SV Angel & 10 others	48/100
9th	Indue 2003, Brisbane (Australia), Acquired	Financial payment products and settlement services	-	-	47/100
10th	_$udo 2020, Kaduna (Nigeria), Seed	Payment card issuance platform for developers	$3.7M	Global Founders Capital, MSA Novo & 12 others	47/100