+3%

est. 2Y upside i

FinTechSeries C

Rain develops and operates cutting edge digital asset authorization and settlement infrastructure in concert with its innovative payment card solutions. By connecting blockchain settlement with traditional financial systems like the Visa network, Rain drives adoption and utility for digital assets in enterprise and consumer use cases.

Rank

#1968

Sector

Fintech, Blockchain Technology

Est. Liquidity

~4Y

Data Quality

Data: Low

Rain's equity offers modest expected upside of ~3.4% over 2 years, heavily dependent on sustaining high multiples.

Last updated: July 19, 2026

Bull (10%)+117%

Rain achieves IPO within 2 years, sustaining a premium multiple of 10x on projected $463M revenue. Strong market demand for stablecoin infrastructure drives valuation to $4.6B.

Base (50%)+22%

Multiple converges toward public comp range at 6x on $463M revenue, yielding $2.8B valuation. Steady growth but no near-term liquidity event.

Bear (40%)-49%

Incumbent networks commoditize Rain's technology; multiple compresses to 3x revenue. Valuation falls below total funding, wiping out common equity.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

17%

Total funding of $338M and 1x non-participating preferred create a $338M preference overhang, representing 17.3% of the $1.95B valuation.

Dilution Risk

high

Given capital-intensive model and high cash burn, a further round within 24 months is likely, diluting common equity by an estimated 20%.

Secondary Liquidity

none

No secondary market activity reported; liquidity unlikely until IPO or acquisition.

Engineering — 14 roles

GTM — 10 roles

Compliance — 7 roles

Operations — 4 roles

Finance — 3 roles

Legal — 3 roles

Marketing — 3 roles

People — 3 roles

Design — 1 role

General — 1 role

Product — 1 role

View all 56 open roles at Rain →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Rain's data — designed to show you've done your homework.

  • 1

    “How does Rain defend its competitive moat as major payment networks integrate native stablecoin settlement?”

  • 2

    “What are the unit economics per transaction, and how do interchange fees and subscription revenues scale?”

  • 3

    “What is the expected timeline to an IPO or acquisition, and are there secondary liquidity options for employees?”

Community

Valuation Sentiment

Our model estimates +3% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.