United States · Financial services startup

Rain

Rain Technologies, also known as Rain App, is a financial technology company founded in 2019 and based in Santa Monica, California, with additional operations in Nashville, Tenness

Funding reportedLast round: Undisclosed

Financial servicesUnited States

About Rain

Rain Technologies, also known as Rain App, is a financial technology company founded in 2019 and based in Santa Monica, California, with additional operations in Nashville, Tenness

ee, Brazil, and India. The company specializes in early wage access (EWA), financial wellness, and on-demand pay solutions, providing employees with flexible access to their earned wages before payday. This service is designed to help employees manage short-term financial needs while offering businesses an ethical alternative to high-interest loans. Rain's platform integrates with existing payroll systems, allowing employees to access a portion of their wages for a small fee. The company also offers a range of financial wellness tools through its mobile app, including budgeting tools, credit score builders, and educational materials. Rain serves over 1,200 employers across various industries, including hospitality, retail, and healthcare, and has paid out more than $4 billion in earned wages to 3.5 million employees. The service is free for employers to implement, promoting employee retention and productivity.

What company datasets say Rain raised

Funding, as reported

Reported in all$429Min dollars
Rounds11
Last roundUndisclosed
Last round size$75M
Last round dateMar 2024
Investors listed25

On 10 portfolio pages

Investors who name them

Each firm lists Rain on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

employer benefits platformach transferpayroll adjustmentsreserveemployer-controlled limitsearned wage accessfinancial wellness benefitsfinancial literacy in workplacemanufacturingworkday embedded financial wellnesscomputer & network securityach transfersemployee benefitcredit accesstax filing servicesfinancial coaching

Built with from their website

Jira Service ManagementDockerAmazon SESGoogle Tag ManagerStrimziAmazon CloudFrontCanvaAWS Management ConsoledbtWordPress.org

+8 more

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Sector
Financial services
Industry code
NAICS 522320, 511210
Region
California
Full record
Every detail in the company directory

Financial services in United States

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