Stablecoin Payments Platform Rain Acquires Merchant Wallet Provider Ansa

Rain announced on Nov 12, 2025 that it has acquired Uptop, an onchain rewards platform that converts everyday card purchases into loyalty points through card linking and receipt scanning. The acquisition follows Rain's recently closed $58 million Series B round. Uptop has powered rewards programs for the Cleveland Cavaliers, Detroit Pistons, LSU Athletics, and the Empire State Building's Ambassador Program.

Under Rain, Uptop will expand beyond sports into retail, entertainment, travel, and dining. Rain plans to link its issued cards to Uptop's rewards marketplace so cardholders earn automatically on everyday spend. Uptop's onchain architecture runs on Avalanche.

The company will continue to operate as an independent brand under Rain. Financial terms were not disclosed.