Rain

Rain

Digital asset authorization and settlement infrastructure

About Rain

Simplify's Rating
Why Rain is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Series B

Total Funding

$120.2M

Headquarters

Manama, Bahrain

Founded

2021

Overview

Rain provides digital asset authorization and settlement infrastructure alongside payment card solutions. Their system connects blockchain technology with traditional financial networks, such as Visa, allowing for seamless transactions involving digital assets. This integration helps businesses and consumers use digital currencies more effectively. Unlike many competitors, Rain focuses on bridging the gap between digital assets and established financial systems, making it easier for users to adopt and utilize these new forms of currency. The company's goal is to enhance the accessibility and practicality of digital assets in everyday transactions.

Simplify Jobs

Simplify's Take

What believers are saying

  • Rain raised $75M to expand earned wage access services in the US.
  • Rain secured $245M to enhance blockchain payment solutions and boost adoption.
  • Integration of AI-driven fraud detection enhances transaction security for Rain's services.

What critics are saying

  • Increased competition from new fintech startups could erode Rain's market share.
  • Cryptocurrency market volatility poses risks to Rain's stablecoin-based card services.
  • Regulatory scrutiny on crypto transactions could impact Rain's operations and costs.

What makes Rain unique

  • Rain offers credit card services tailored for web3 and crypto companies.
  • Rain is the first licensed crypto-asset service provider in the Middle East.
  • Rain's partnership with Bahrain FinTech Bay enhances its regional and global opportunities.

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Funding

Total Funding

$120.2M

Above

Industry Average

Funded Over

4 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Health Insurance

Life Insurance

Equity Plan

Wellness Program

Team Summits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-3%
RainCards
Apr 10th, 2025
Case Study: How Rain Powers Dakota's Stablecoin-Backed Card Program for Modern Business Banking

Positioned for Scale: With Rain handling the core infrastructure, Dakota can focus on acquiring new business customers and scaling up quickly without the burden of managing complex compliance or payment systems.

My Mother Lode
Apr 8th, 2025
Rain Raises $75M Series B Funding

Rain has raised $75 million in Series B funding led by Prosus, with participation from Nextalia Ventures, Spark Growth Ventures, and others. This funding will help Rain expand its earned wage access services to more American workers. Since its founding in 2019, Rain has enabled over 2.5 million workers to access their earnings instantly and distributed over $2 billion in wages. The company plans to introduce new financial wellness solutions and employer tools.

The Reviewr
Mar 29th, 2025
Crypto Giants Tabit, Rain, CoreSky Unveil Massive Funding Secrets!

Two standout companies, Tabit Insurance and Rain, collectively raised over $64 million.

Fintech in Shorts
Mar 25th, 2025
Rain Raises $245M for Blockchain Payments

Rain, a stablecoin-based card issuer, has raised $245 million to enhance its payment solutions and boost blockchain adoption in financial transactions. This funding will help Rain expand its services and bridge the gap between digital currencies and traditional financial systems, positioning the company as a leader in the evolving payment landscape.

Daily Company News
Mar 25th, 2025
Rain Secures $24.5 Million In Funding To Scale Stablecoin Card Issuance

With this capability, Rain is expanding its presence in Europe while scaling its card issuance operations across the United States and Latin America.

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Rain is Hiring for 5 Jobs on Simplify!

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