farooq 🌧
@rooqster
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co-founder @raincards // weather system still developing
the ever bubbling nihari pot
Joined November 2010
Episode 2 of Money Code, powered by @BVNKFinance, is live 🎙️ Hosts @chuk_xyz & @rajparekh_ speak with @rooqster, CEO & co-founder of @raincards, on how stablecoins are moving from speculation to real adoption. From remittances to settlement stacks, and connecting Avalanche,
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Just put a cover on my phone and it feels like the gateway to putting plastic on my couch.
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Excited to be working with the @PlasmaFDN team. At Rain we're excited about supporting Plasma and Plasma USD₮ as a natively deployed solution on the @raincards infrastructure. Also separately, want to appreciate the badass animation capabilites at @PlasmaFDN.
Stablecoins are limited in their impact by how people use them. Crypto cards change that, making digital dollars usable worldwide. Today, we are announcing our partnership with @Raincards to issue these cards on Plasma, allowing Plasma USD₮ to be used at over 150M merchants.
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Congrats to @rooqster @cnaut and the entire @raincards team!!! I think this is more of a rainy day fund as their forecast appears to be sunny!
The forecast? Heavy Rain. ☔️ We’ve raised $58M in Series B funding—led by @SapphireVC with support from @Dragonfly_xyz, @galaxyhq, @SamsungNext, @lightspeedvp, @NorwestVP & Endeavor Catalyst. Thanks to our team, partners, and investors for helping us rebuild global payments
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We are excited to be working with @HadickM and the @dragonfly_xyz team! I've held back from saying this publicly but besides @mgiampapa1, Rob is the best crypto VC investing in stabelcoins right now so we are glad to have him in our corner.
Stablecoins are reinventing global commerce and money movement, but broadening their use outside of core crypto native use cases requires the ability for stablecoins to interact directly with at least some of the current payments infrastructure. Rain is the single company at the
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Stablecoins are moving fast with $250B+ already in circulation, projected to hit $2T by 2028. But have you used them to buy your morning coffee or pay a corporate AWS bill yet? No, because one thing has been missing: the ability to actually use stablecoins in everyday life.
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Congrats to @rooqster and @cnaut! They have been pioneers at the intersection of stablecoins, cards, and onchain credit for many years and we are excited to see them continue to scale their platform
The forecast? Heavy Rain. ☔️ We’ve raised $58M in Series B funding—led by @SapphireVC with support from @Dragonfly_xyz, @galaxyhq, @SamsungNext, @lightspeedvp, @NorwestVP & Endeavor Catalyst. Thanks to our team, partners, and investors for helping us rebuild global payments
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In the early days of Rain, @cnaut and I would talk to our early customers and realize that for them stablecoins were intellectually the same as money and they expected them to behave like money and spend like money. At the time clients were frustrated that on-ramps and
lnkd.in
This link will take you to a page that’s not on LinkedIn
The forecast? Heavy Rain. ☔️ We’ve raised $58M in Series B funding—led by @SapphireVC with support from @Dragonfly_xyz, @galaxyhq, @SamsungNext, @lightspeedvp, @NorwestVP & Endeavor Catalyst. Thanks to our team, partners, and investors for helping us rebuild global payments
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It’s been a real treat working with @kvreem and the @EntendreFinance team to bring this to reality. Great to see Entendre agents using Rain MCP to provide insights and power automations to supercharge finance teams across our ecosystem.
(1/3) 🚀 Our 5th agent reveal: Entendre Expense Agent integrated with @RainCards 💳 Rain is building stable coin infrastructure to power issuance, settlement, and spend, giving CFOs, finance and product teams access to 190 countries with the flip of a switch. Programmable money
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Excited to add support for USDZelle at @raincards.
🚨 JUST IN: Major US banks including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring to issue a joint crypto stablecoin per WSJ.
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The @NilsonReport has covered payments for 50+ years. Seeing Nilson digging into stablecoins and Rain powered solutions is a true sign that the industry has arrived. Link below.
Rain powers card programs & payments designed for the 21st century. We’re the 1st issuer to settle with @Visa 24/7 using stablecoins and were chosen for Visa's Intelligent Commerce initiative. More in this profile piece from @NilsonReport:
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Beyond thrilled to be working with the talented @ryanbozarth_ and supporting the @dakota_xyz team. Big things ahead.
Startups building in the digital asset economy need modern tools to manage and move capital. @dakota_xyz partnered with Rain to launch a USDC-backed corporate card program, giving businesses faster access to funds, flexible spend controls, and seamless onchain settlement.
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World watch out.
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We couldn't have made it this far without the unwavering support from our clients, partners and investors. The Rain team is going to be moving even quicker - building things many thought impossible. It is still early. Can't wait to show you all that we have in store.
Excited to announce $24.5M in new funding for Rain led by @NorwestVP with participation from new investors @Galaxyhq, @CompoSecure, Goldcrest, Vinyl, @BDMIFund, @LatitudeCapital, Thayer and @_hardyaka, and existing investors @lightspeedvp, @cbventures, and @CanonicalCrypto.
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See you all next week in SF where I will be representing the @raincards team at A Very Stable Conference. Looking forward to experiencing the excellent programming put together by @ay_o and @arfrank! Reach out if you will be around to catch up on the sidelines. tickets 👇:
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