equityflowunderstand the flow and follow it

Rain

Fintech · US

Stablecoin-based card issuing infrastructure for global payments.

Founders

Farooq Malik (US · ♂) — A TradFi executive who built fluency in regulatory frameworks and payment networks, he co-founded Rain in 2021 to use stablecoins as settlement rails for global card issuing and became CEO.
Charles Naut (US · ♂) — A fintech engineer who built and scaled systems at companies including Playbook HR through its Intuit acquisition, he co-founded Rain in 2021 as CTO to architect its multi-chain stablecoin settlement infrastructure.
Hem Suri

Team & hubs

People & leadership

Alex Bradford CEO at RainHem Suri VC 2.2 | Founder 2.2Andreas Penna President + Board @ Rain & VC InvestorThomas Wilkinson Managing Partner at Ollin Ventures | Co-Founder and CEO at NeuroNova

In the network

Shares the most investors with (number = shared investors):

Anthropic 3 Alloy 2 EliseAI 2 EvenUp 2 Legora 2 Matillion 2 Payhawk 2 Temporal 2 Upvest 2 ZyG 2

Funding history

Date	Round	Amount
Jan 2026	Series C Rain, a stablecoin-based card issuer, raised a $250 million Series C at a $1.95 billion valuation, 17 times its valuation ten months earlier, with ICONIQ among the leads.	$250M

Investors

Tap an investor to see what else they have backed.

Bessemer Venture Partners Dragonfly Endeavor Catalyst FirstMark Galaxy Ventures ICONIQ Lightspeed Venture Partners Norwest Sapphire Ventures

Other companies in Fintech

Satispay sunbay.io Capsa AI Record OS paymove Synthetic Kalshi Pillar Ramp Fonoa InScope Sapiom

Other companies in US

Supabase Groq Corgi Triomics Stord Patina Status AI Stilta Nectar Social Synthetic Kalshi Musely

Other companies at Series C stage

99 Group 9fin A5X ACROVE AI21 Labs AMI ATAI Life Sciences Acceldata AccountsIQ ActiveCampaign Agicap AgomAb Therapeutics

Explore funding flow on EquityFlow →

Data is community-curated and may be incomplete.