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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.us

Total Amount Raised: $428,600,000

Rain Instant Pay Funding Rounds

  • Debt Financing

    $300,000,000

    Debt Financing Investors

    Clear Haven Capital Management
  • Series A

    $66,000,000

    Series A Investors

    QED Investors
    Invus Opportunities
    Dreamers VC
    Tribe Capital
    WndrCo
    Aditum Ventures
  • Debt Financing

    $50,000,000

    Debt Financing Investors

    Sound Point Capital Management
  • Seed

    $8,600,000

    Seed Investors

    QED Investors
    CM Ventures
    Russell Cook
    Fritz Lanman
    West Quad Ventures
    Andreas Penna
    VentureSouq
    Picus Capital
  • Seed

    $4,000,000

    Seed Investors

    QED Investors
    West Quad Ventures
    Alex Macdonald
Funding info provided by Diffbot.