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Rain logo — Financial health for the modern workforce

Rain

Financial health for the modern workforce

Founded 2019 United States Santa Monica, United States 342 employees Series B Total: $453.60M Financial Services, Fintech +2

General Information

Company Name Rain
Founded Year 2019
Location United States Santa Monica, United States
Employees 342
Industries Financial Services, Fintech, Payments +1
Funding Stage Series B
Business Model B2B2C, Platform, SaaS
Revenue Model Subscription, Usage Based, Tiered Pricing
Social

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About Rain

Rain, founded in 2019 and headquartered in the United States, is an innovative player in the Financial Services, Fintech, Payments, and Human Resources industries. The company addresses a significant financial stress issue impacting workforce engagement, estimated at $1.9 trillion. By offering a comprehensive AI financial health platform, Rain empowers employees with features like earned wage access, budgeting tools, spending analysis, and wealth-building options to transition from paycheck-to-paycheck living to financial stability.

With a $4B+ in earned wages distributed among 3.5 million employees across 1,200 major employers, such as McDonald's, T-Mobile, Cava, and Marriott, Rain demonstrates significant traction and effectiveness in reducing workforce turnover and improving attendance. The company's most recent financial milestone is a $75.00M Series B investment, secured on 01 April 2025, with backing from prominent investors like Spark Growth Ventures, QED Investors, Invus, Prosus Ventures, and Nextalia SGR S.p.A.. This capital injection positions Rain to enhance its impact on workforce financial health further.

Business keywords: financial wellness, earned wage access, employee benefits, payroll integration, financial literacy, budgeting tools, spending analysis, wealth building, credit score management, voluntary benefits, employee engagement, turnover reduction, attendance improvement, fintech solutions, workforce financial health

Services & Products

AI Financial Health Agent
Financial Wellness Tools
Earned Wage Access (EWA)
Budgeting and Spending Analysis
Financial Coaching

Target Customers

Modern Workforce Employers Seeking Employee Retention Companies with High Employee Turnover Corporate HR Departments Fortune 500 Companies

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $75.00M 5
Spark Growth Ventures, QED Investors +3
01 Apr 2025
Debt Financing $300.00M 1
Clear Haven Capital Management
01 Feb 2024
Debt Financing $66.00M 5
QED Investors, WndrCo +3
01 Mar 2023
Series A Undisclosed -
01 Oct 2022
Series A Undisclosed 1
VentureSouq
01 Dec 2021
Seed Undisclosed -
01 Aug 2021
Seed $8.60M 1
QED Investors
01 Dec 2020
Seed $4.00M 1
QED Investors
01 Aug 2019

Rain Alternatives & Competitors

View All Alternatives
Rain vs
ZayZoon
ZayZoon Canada

Earned wage access and employee engagement for deskless workplaces.

Series B
201 employees
Financial Services, Fintech
Rain vs
Payactiv
Payactiv United States

The Leader in Earned Wage Access.

Series C
368 employees
Finance, Financial Services
Rain vs
WageNow
WageNow Slovakia

Vďaka WageNow si môžu zamestnanci vybrať výplatu za odpracované dni kedykoľvek. Bez starostí navyše...

Seed
7 employees
Financial Services, Payments

FAQ About Rain

Financial health for the modern workforce
Rain was founded in 2019.
Rain is headquartered in Santa Monica, United States.
Rain operates in Financial Services, Fintech, Payments and Human Resources. Its work centres on financial wellness, earned wage access, employee benefits and payroll integration. Its customers include Modern Workforce, Employers Seeking Employee Retention and Companies with High Employee Turnover.
Rain has a B2B2C, Platform and SaaS business model. Its revenue comes from Subscription, Usage Based and Tiered Pricing.
Rain has approximately 342 employees.
Rain has completed 8 funding rounds, raising a total of $453.60M. The latest funding stage is Series B.
Rain offers: AI Financial Health Agent, Financial Wellness Tools, Earned Wage Access (EWA), Budgeting and Spending Analysis, Financial Coaching.
Top alternatives and competitors to Rain include ZayZoon, Payactiv, WageNow, Hastee - A Zellis Company, wagely. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Rain and ZayZoon are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Rain, https://bouncewatch.com/company/rain-2, updated 30 April 2026. When citing, please name BounceWatch and link this page.

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