# Rain: Financial services, United States

> Rain: Rain Technologies, also known as Rain App, is a financial technology company founded in 2019 and based in Santa Monica, California, with additional...

Source: https://millionrounds.com/startup/rain-11 (Millionrounds; every figure on the page links to its filing or article)

United States · [Financial services startup](https://millionrounds.com/companies)

# 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 reported Last round: Undisclosed

Financial services United States

Company summary

- **Founded:** 2019 7 years old
- **Team:** 150 51 to 200 people
- **Funding reported:** $429M in dollars
- **Last round:** Undisclosed Mar 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Rain has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 **$429M** in dollars

Rounds **11**

Last round **Undisclosed**

Last round size **$75M**

Last round date **Mar 2024**

Investors listed **25**

## On 10 portfolio pages

Investors who name them

- [VU Venture Partners](https://millionrounds.com/fund/vu-venture-partners)
- [Ethos VC](https://millionrounds.com/fund/ethos-vc)
- [Spark Growth Ventures](https://millionrounds.com/fund/spark-growth-ventures)
- [14Peaks Capital](https://millionrounds.com/fund/14peaks-capital)
- [Realm Capital Ventures](https://millionrounds.com/fund/realm-capital-ventures)
- [Gammite ventures](https://millionrounds.com/fund/gammite-ventures)
- [Aurum Venture Partners](https://millionrounds.com/fund/aurum-venture-partners)
- [Big Brain Holdings](https://millionrounds.com/fund/big-brain-holdings)
- [Christian Edler](https://millionrounds.com/fund/christian-edler)
- [TMT Investments](https://millionrounds.com/fund/tmt-investments)

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 platform ach transfer payroll adjustments reserve employer-controlled limits earned wage access financial wellness benefits financial literacy in workplace manufacturing workday embedded financial wellness computer & network security ach transfers employee benefit credit access tax filing services financial coaching

Built with from their website

Jira Service Management Docker Amazon SES Google Tag Manager Strimzi Amazon CloudFront Canva AWS Management Console dbt WordPress.org

+8 more

Tailwind CSS Google Cloud Terragrunt YouTube Google Workspace CloudFlare Viewport Meta Zoomdata

- **Sector:** Financial services
- **Industry code:** NAICS 522320, 511210
- **Region:** California
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/rain-efc567f3b3)

## Financial services in United States

Startups like it

- [**Kalshi** New York · founded 2019 *Raised*](https://millionrounds.com/company/kalshi)
- [**Temporal** founded 2022 *Raised*](https://millionrounds.com/company/temporal)
- [**Vestwell** New York · founded 2016 *Raised*](https://millionrounds.com/company/vestwell)
- [**C2FO** Kansas City · founded 2008 *Raised*](https://millionrounds.com/company/c2fo)
- [**Yieldstreet** New York · founded 2015 *Raised*](https://millionrounds.com/company/yieldstreet)
- [**Flutterwave** San Francisco · founded 2016 *Raised*](https://millionrounds.com/company/flutterwave)
- [**Corgi** San Francisco · founded 2024 *Raised*](https://millionrounds.com/company/corgi)
- [**Alpaca** San Mateo · founded 2017 *Raised*](https://millionrounds.com/company/alpaca)

## Is this your company?

Add your raise, your deck and your story, and put Rain in front of investors. Or tell us what we have wrong.

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