Rain

About

Signify Holdings, Inc. dba Rain is a financial technology company that specializes in providing seamless digital asset payment solutions, enhancing accessibility to cryptocurrency transactions for businesses and consumers alike. Signify Holdings, Inc. dba Rain offers digital asset payment solutions that facilitate cryptocurrency transactions. Founded in 2021, the company has founded by Farooq Malik and Charles Naut. In January 2026, Rain raised USD 250 million in series C funding led by ICONIQ Capital, with participation from Sapphire Ventures, Bessemer Venture Partners, FirstMark Capital, Dragonfly Digital Management, LLC, Galaxy Ventures, Lightspeed Venture Partners, Norwest Venture Partners, and Endeavor Catalyst. Rain offers a comprehensive suite of financial products and services designed to facilitate seamless and secure digital asset transactions. Their core offerings include the Rain API, which allows businesses to issue payment solutions directly linked to digital asset wallets, enabling transactions at over 100 million merchants globally. This service addresses the growing demand for blockchain payment solutions, particularly in Latin America (LATAM) and beyond, where traditional banking systems may be less accessible. Rain partners with various companies, including Nuvei and Arculus, to enhance their product capabilities, providing multifunctional metal cards and advanced corporate features that cater to businesses looking to integrate cryptocurrency spending into their operations. The geographic focus of Rain’s services spans across multiple markets, with a significant emphasis on LATAM and global markets, ensuring that their solutions are adaptable to a variety of regional needs. Rain generates revenue through strategic partnerships and transactional fees associated with its payment solutions. Clients, such as businesses and financial institutions, leverage Rain's API and card products to facilitate cryptocurrency transactions, effectively spending digital assets in various marketplaces. The business model includes B2B partnerships, where companies integrate Rain's technology into their systems, leading to revenue from transaction fees per use. Additionally, services like the MPCVault Card offer advanced features tailored for corporate spending, which potentially includes a subscription or usage-based pricing structure. The revenue streams are expected to be derived from transaction fees related to card usage and API transactions, reflecting a sustainable financial model aligned with the growing adoption of digital currencies. The company plans to use the Series C funding to strengthen its full-stack stablecoin payments platform and accelerate investment in products that make stablecoin-powered payments seamless for businesses and consumers.