Rain Instant Pay Funding & Investors
Burbank, CA
Rain is the fastest-growing early wage access and financial wellness benefit vendor globally. With operations in the U.S., Brazil, and India, Rain provides a voluntary employee benefit that is free for employers to implement. Rain integrates with payroll and timekeeping vendors to create a seamless process with almost zero work for the employer. Through Rain, not only can employees access their pay any day of the week (instead of waiting the traditional two weeks for payday), but they can also take advantage of a free pay card, the ability to instantly access tips after a shift, and other financial wellness tools such as a credit score builder and financial literacy materials. Rain also is able to offer deep discounts on dozens of other voluntary benefits such as prescriptions and dental care. Employers win by having one of the leading employee benefits that workers are asking for and by seeing reductions in turnover and increases in job applications.
rain.usTotal Amount Raised: $428,600,000
Rain Instant Pay Funding Rounds
Debt Financing
$300,000,000
Debt Financing Investors
Clear Haven Capital ManagementSeries A
$66,000,000
Series A Investors
QED InvestorsInvus OpportunitiesDreamers VCTribe CapitalWndrCoAditum VenturesDebt Financing
$50,000,000
Debt Financing Investors
Sound Point Capital ManagementSeed
$8,600,000
Seed Investors
QED InvestorsCM VenturesRussell CookFritz LanmanWest Quad VenturesAndreas PennaVentureSouqPicus CapitalSeed
$4,000,000
Seed Investors
QED InvestorsWest Quad VenturesAlex Macdonald