Article · 2026-08-18 · 6 moments

38x in Ten Months: Inside One of Fintech’s Fastest-Growing Infrastructure Companies (Farooq Malik, CEO of Rain)

Farooq Malik grew up watching his family navigate the friction of moving money across borders. Now he’s building infrastructure designed to make that process faster, cheaper, and more global. ✦ AI generated

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GUEST Narrator GUEST Farooq Malik

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Claim◆

Money is the largest quantifiable asset class, exceeding AI, food, oil and gas, water, government spending, and defense combined.

Farooq Malik asserts that the global monetary system is the largest asset class, dwarfing all other major sectors combined.

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Farooq Malik: “Money, quantifiable, is larger than AI, it's larger than food, it's larger than oil and gas, it's larger than municipal water supplies. It's larger than government spending. It's larger than defense. It's all of these combined.”

Definition

Rain is a financial infrastructure company that uses stablecoins to power global money movement.

Rain builds financial infrastructure on stablecoin rails to enable faster, cheaper, and more global money transfers.

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Narrator: “Farooq Malik is the co-founder and CEO of Rain, a financial infrastructure company powered by stablecoins. ... Rain powers card issuance, payments, and other financial products built on stablecoin rails, helping companies move money faster and operate across markets.”

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Context

Moving money across borders is still expensive and inefficient due to structural barriers in the global financial system.

The process of transferring money internationally remains costly and slow because of outdated infrastructure and regulatory friction.

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Narrator: “The barriers that still make moving money across borders expensive and inefficient”

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Mechanism◆

Stablecoins combine the advantages of physical cash and electronic money, creating a superior form of digital currency.

Stablecoins merge the benefits of cash's simplicity with the efficiency of electronic payments, offering a new standard for digital money.

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Narrator: “How stablecoins combine the advantages of cash and electronic money”

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Anecdote

Farooq's experience growing up in an immigrant family gave him firsthand insight into the friction of moving money across borders, shaping his entrepreneurial vision.

Farooq Malik's upbringing in an immigrant family exposed him to the challenges of international money transfers, directly inspiring his work with Rain.

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Narrator: “Growing up in an immigrant family, Farooq saw firsthand the friction involved in moving money across borders.”

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Example