Rain, a stablecoin company, raised $250 million in a funding round led by ICONIQ, boosting its valuation to $1.95 billion. The firm focuses on expanding its stablecoin payment platform and has seen substantial growth in its user base and transaction volume over the past year.

Kraken has confidentially filed to go public in the U.S. following an $800 million funding round that valued the company at $20 billion. This move aligns with a growing trend of crypto companies entering the public market. Kraken aims to expand its international presence and enhance payment services.

A recent Innovate Finance report reveals that global fintech funding rose 21% in 2025, driven mainly by investments in payments and cryptocurrency platforms. The US led the way with $25.1 billion, while the UK and other regions also saw significant growth in funding activity.

Ripple raised $500 million, boosting its valuation to $40 billion as it expands beyond payments. The funding, led by major investment firms, reflects growing interest from institutional investors. Ripple continues to enhance its offerings, including stablecoins and custody services.

Tempo, a payments-focused blockchain incubated by Stripe, has successfully raised $500 million in a Series A funding round, achieving a valuation of $5 billion. The funding, led by Thrive Capital and Greenoaks, underscores Stripe's increasing involvement in the cryptocurrency sector as Tempo aims to optimize high-throughput payments on an Ethereum-compatible Layer 1 network.