Rain Raises $250 Million in Series C to Expand Global Market Reach
- Significant Funding Round: Rain raised $250 million in a Series C round led by ICONIQ, valuing the company at $1.95 billion and bringing total funding to over $338 million, reflecting strong investor interest in stablecoin payment solutions.
- Market Expansion Plans: The funding will support Rain's expansion into key markets across North America, South America, Europe, Asia, and Africa, enabling enterprises to quickly enter new markets and enhance their global payment infrastructure.
- Transaction Processing Capacity: Rain's platform currently processes over $3 billion annually for more than 200 partners, including Western Union and Nuvei, showcasing its strong market position in the stablecoin payment sector.
- Technological Advantage: Rain's full-stack technology and regulatory readiness position it to define the default enterprise platform for tokenized money, with CEO Farooq Malik stating that the capital will be used to enhance the payments platform, pursue strategic acquisitions, and develop new products for seamless stablecoin payments.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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