Rain
Company

Last deal

Amount

Undisclosed

Stage

07.03.2024

Date

12

all rounds

$428.6M

Total amount

General

About Company
Rain is a financial wellness benefit vendor that provides early wage access and other financial tools to employees.

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Also Known As

Rain Instant Pay, Rain App

founded date

01.07.2019

Number of employees

Company Type

For Profit

Last funding type

Undisclosed

IPO status

Private

Description

Rain provides a financial platform that allows employees to access up to half of their earned wages before payday for a small fee. The platform is easy to integrate with existing payroll systems and can help employees avoid predatory financial products like payday loans and overdraft fees. Rain is backed by QED, a leading venture capital firm, and has already been rolled out to hundreds of companies worldwide. Its founders are highly experienced and passionate about promoting financial health. Rain's goal is to end predatory financial practices and promote financial freedom for workers.
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