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 +2
Employees 342
Industries Financial Services, Fintech, Payments +1
Funding Stage Series B
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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.

Taxonomy: 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 •••••• 5
Investor Investor Investor Investor Investor
01 Apr 2025
Debt Financing •••••• 1
Investor
01 Feb 2024
Debt Financing •••••• 5
Investor Investor Investor Investor Investor
01 Mar 2023
Series A •••••• - 01 Oct 2022
Series A •••••• 1
Investor
01 Dec 2021

View All 8 Funding Rounds

Rain Alternatives & Competitors

Rain vs
Brightside
Brightside United States

We created Financial Care, a new category in employee benefits that improves the financial health of...

Series B
200 employees
Financial Services, Fintech
Rain vs
wagely
wagely Indonesia

Asia‘s leading financial wellbeing app for employees 👷🏽‍♀️💙

Series Unknown
121 employees
Finance, Financial Services
Rain vs
Northstar
Northstar United States

Financial wellness starts at work

Series Unknown
329 employees
Financial Services, Fintech
Also compare with: Rain vs Tapcheck Tapcheck

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 the following industries: Financial Services, Fintech, Payments, Human Resources.
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 Brightside, wagely, Northstar, PayLiK, GajiGesa (Kredivo Group). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Rain and Brightside 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.

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