Rain

Rain

Employer-provided on-demand earned wage access

Overview

Rain provides an Earned Wage Access (EWA) platform that lets employees access part of their earned income before payday. It integrates with employers’ payroll and timekeeping systems (such as Workday and Netchex) to track gross earnings in real time, and employees use a mobile app to view available earnings and request a transfer to their bank account for a small, ATM-like fee. Revenue comes mainly from these transaction fees. Beyond EWA, Rain offers financial wellness tools in its app, including spending analytics, balance alerts, and access to financial coaching and education. The company aims to reduce financial stress for workers, help employers improve retention and productivity, and serve a broad range of clients from small businesses to large enterprises. Its differentiators include seamless payroll integration, real-time earnings tracking, and a bundled suite of financial wellness features.

About Rain

Simplify's Rating
Why Rain is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Financial Services

Company Size

201-500

Company Stage

Series B

Total Funding

$120.2M

Headquarters

Manama, Bahrain

Founded

2021

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People at Rain who can refer or advise you

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Simplify's Take

What believers are saying

  • Rain raised $75M Series B led by Prosus, distributing over $2B wages since 2019.
  • Rain reached $1.95B valuation in Series C on January 9, 2026, as Visa principal member.
  • Rain boosts employer retention and productivity via integrated payroll dashboards.

What critics are saying

  • CFPB classifies EWA as credit, imposing TILA disclosures and APR caps immediately.
  • DailyPay's 500+ payroll integrations lock Uber and Walmart, eroding Rain's share.
  • Even's fee-free model captures SMBs, slashing Rain's transaction fee revenue 30%.

What makes Rain unique

  • Rain integrates EWA with Workday and Netchex for real-time gross earnings access.
  • Rain app bundles spending analytics, balance alerts, and financial coaching.
  • Rain joined American Fintech Council on April 15, 2025, advancing EWA advocacy.

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Funding

Total Funding

$120.2M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$110M
Rain

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Health Insurance

Life Insurance

Equity Plan

Wellness Program

Team Summits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
PR Newswire
Mar 24th, 2026
Rain expands Visa membership into Asia-Pacific for stablecoin payment infrastructure

Rain, an enterprise stablecoin payment infrastructure provider, has expanded its Visa membership into Asia-Pacific, enabling partners to launch consumer and corporate credit card programmes across the region. Initial launches are expected in Q2 2026. The expansion establishes Rain as one of few stablecoin platforms with direct Visa membership at this scale. Partners can now build global card programmes through a single platform, with stablecoins powering settlement whilst maintaining traditional card experiences for users. Asia-Pacific accounted for over $1 trillion in stablecoin transactions in 2024, according to the International Monetary Fund. Rain's infrastructure supports use cases including retail payments, instant remittances and corporate treasury operations across the region's 150 million Visa-accepted merchant locations. The company serves over 200 organisations globally.

MEVP
Mar 10th, 2026
MEVP

●Rain successfully raised USD 110 million in Series B funding round co-led by Paradigm and Kleiner Perkins with participation from numerous parties including Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO and CMT Digital●Rain’s Bahraini entity, Rain Management W.L.L, is one of the Middle East’s largest and first licensed  cryptocurrency brokerage and custodian allowing users to buy, sell, and store cryptocurrencies●Founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy, in the coming years Rain will continue to expand and focus on growth throughout MENA region, Turkey and PakistanJanuary 2022: In January 2022 Rain, a leading cryptocurrency company, raised USD 110 million in its Series B funding. The round was co-led by Paradigm and Kleiner Perkins with participation from numerous parties including Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO and CMT Digital. Founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy, Rain will utilise this investment to further expand licensing in other countries and regions, enhancing its technology with an advanced trading platform and continuing to grow the team as cryptocurrency adoption continues to increase globally.

Forbes Middle East
Mar 10th, 2026
Bahrain Crypto-Asset Platform Rain Gets $6M In Series A Funding Led By MEVP And Coinbase

Rain plans to use the $6 million to expand its engineering team, extend its presence across the Middle East and work with different regulators in the region.

BitRss
Jan 9th, 2026
Rain stablecoin platform reaches $1.95B valuation in Series C funding

Rain, a stablecoin platform and principal member of the Visa payment network, has completed a Series C funding round, reaching a valuation of $1.95 billion. The company announced the raise on 9 January 2026. No further details about the funding amount, lead investors or participating backers were disclosed in the announcement.

PR Newswire
Jan 9th, 2026
Rain raises $250M Series C to scale stablecoin payment infrastructure, reaching $1.95B valuation

Rain, an enterprise infrastructure provider for stablecoin-powered payments, has raised $250 million in a Series C round led by ICONIQ, valuing the company at $1.95 billion. The round included participation from Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest and Endeavor Catalyst. The valuation represents a more than 17-fold increase in just 10 months. Rain has now raised over $338 million in total funding, with the Series C following just four months after its Series B. The company provides enterprise-grade infrastructure enabling businesses to integrate stablecoin payment rails whilst maintaining familiar user experiences. Rain will use the funding to expand its global compliance footprint, enhance platform capabilities and develop new payment products.

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