FinTech of the Day

Rain – Simplifying AML compliance

Dmitry Prostov

05 Sep 2025 — 1 min read

Stablecoins to the rescue. Rain is rebuilding the payments rail using stablecoins, not legacy wires.

The Visa‑backed platform issues corporate cards and expense tools that let DAOs and multinationals pay vendors and staff instantly in USDC across 150‑plus countries. Revenue comes from interchange and SaaS fees the moat is full regulatory compliance and multi‑chain connectivity.

Rain’s $58 M Series B was led by Sapphire Ventures, with Dragonfly, Galaxy, Endeavor Catalyst, Samsung Next, Lightspeed and Norwest.

CEO Farooq M. says transaction volume is up 10× since January 2025, and customers like Nuvei, Avalanche, dakota and Nomad already use the rails for merchant payouts and cross‑border payroll.

It’s a bridge between Web2 and Web3: born as SignandWire, Rain now provides cards, on/off‑ramps and expense management for anyone holding stablecoins.

Will your next corporate card run on USDC?

#fintech #startup #businessmodel #fintechoftheday #stablecoins #payments #web3

Charles Yoo-Naut

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