Rain, the developer of infrastructure for stablecoin payments, has raised $58 million in a Series B funding round.

The company said it would use the funding to expand its platform and services to give global institutions the "most flexible, modular, and compliant stablecoin infrastructure available."

Rain is also investing in hiring across engineering, commercial, and compliance teams.

The infrastructure developer said it aims to enter new markets where enterprises are embracing stablecoin-based payment workflows.

Rain's vertically integrated platform enables businesses to embed stablecoins into products and operations — covering money-in, storage, spending, and money-out — all through one API.

Partners can compliantly launch programmes to over 1.5 billion people, with expansion underway into Europe, the Middle East, Africa, and Asia-Pacific.

The funding round comes after growth at the company grew by ten times in 2025.

"Stablecoins are shifting to the backbone of global commerce," said Farooq Malik, chief executive and co-founder of Rain. "In its earliest form, money moved instantly.

"We've spent centuries slowing it down. Rain is bringing that simplicity back to billions of people, but now it works across any border, any platform, and any currency."

The recent raise brings the company's total funding to $88.5m just five months after its Series A.

---