Rain Secures $58 Million in Series B Funding Round

Rain, a stablecoin card platform, has secured a significant $58 million Series B funding round. This funding boost, led by Sapphire Ventures and supported by Galaxy Ventures, significantly increases the company’s valuation to $147 million. The capital injection fuels Rain’s expansion efforts as annual card spending on its platform exceeds $1 billion. This growth indicates the increasing adoption of stablecoin transactions for everyday purchases.