Farooq Malik
About
Farooq Malik co-founded Rain in 2021 and is their chief executive. Rain builds stablecoin infrastructure that lets other businesses issue cards and wallets funded by crypto, and was valued at $1.95 billion in January 2026. Before Rain he spent almost six years at the North American Development Bank financing solar and wind projects in the US and Mexico, then, as treasurer, ran their bond issuance and built their green bond program.
In the news
Rain CEO says stablecoin payments reach more than 100,000 merchants without them knowing it (opens in a new tab)The Block · Aug 19, 2026
Stablecoin Firm Rain Valued at $1.95 Billion After Funding Round (opens in a new tab)Bloomberg · Jan 9, 2026
Exclusive: Crypto card issuer Rain raises $24.5 million in round led by Norwest Venture Partners (opens in a new tab)Fortune · Mar 24, 2025
Notable experience
Co-Founder
Chief Executive Officer
Nov 2021 – Present
German Marshall Fund of the United States (opens in a new tab)
Marshall Memorial Fellow
Apr 2019 – Nov 2019
North American Development Bank (opens in a new tab)
Treasurer & Investment Officer
Apr 2017 – Apr 2019
Project Finance Officer
Aug 2013 – Apr 2017
NTELX Infrastructure
Senior Associate
Oct 2010 – Dec 2012
Booz Allen Hamilton (opens in a new tab)
Senior Consultant
2009 – Oct 2010
Lehman Brothers
Associate
2008 – 2008
Accenture (opens in a new tab)
Strategy Analyst
Jul 2005 – Jul 2007
Education
The University of Texas at Austin (opens in a new tab)
BA (Hons), Humanities
2001 – 2005
The University of Texas at Austin (opens in a new tab)
Bachelor of Arts (B.A.), Economics
2001 – 2005
SOAS University of London (opens in a new tab)
Master of Science (M.Sc.), Globalization and Development
2007 – 2008
