Rain

Based in the US, Rain offers digital payment infrastructure for stablecoin transactions, enabling seamless engagement in modern payment systems across borders and various financial platforms. Rain, founded in 2021 and headquartered in New York, US, specializes in stablecoin financial solutions. The company was established by a group of entrepreneurs with previous experiences in fintech ventures. Rain has focused on creating a robust infrastructure for stablecoin transactions and has not undergone any significant pivots since its inception.

Rain specializes in providing a comprehensive infrastructure for stablecoin-powered financial solutions. Its core offerings include stablecoin-backed cards, secure wallet integration, and an API for currency conversion to stablecoins. Users can convert local currencies to stablecoins in seconds and make payments at over 150 million merchants globally. Rain’s solutions cater to fintechs, neobanks, platforms, wallets, and exchanges, facilitating transactions in over 150 countries, including North America, Latin America, Europe, and Asia-Pacific.

Rain's revenue is generated through partnerships with various fintech firms and institutions, utilizing its stablecoin-native infrastructure for payments and card programs. Clients engage through a subscription-based model or structured partnerships, integrating Rain's API for services like card issuance. The company earns revenue from transaction fees and partnerships focusing on modern payment solutions, including its flagship Avalanche Card that allows users to transact using cryptocurrency. Rain is focused on launching new products designed to expand its digital payment offerings, with specific release dates to be announced.

The company aims to penetrate emerging markets in Asia and Africa by the end of 2024. Recent funding will support these initiatives, enabling the enhancement of its stablecoin financial infrastructure and expansion into diverse geographic regions.