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Overview
Company Does Not Provide H1B Sponsorship
Rain.us provides instant access to earned wages through a payroll-integrated financial wellness platform. It allows employers to offer this benefit at no cost, with employees able to transfer earned funds either for free or via faster paid transfers. The service integrates with existing payroll and timekeeping systems, collects minimal data to protect privacy, and is marketed to sectors with high turnover such as healthcare, retail, manufacturing, and hospitality. Rain’s business model earns revenue from employee usage rather than the employer, and it positions itself as a voluntary benefit that can boost retention, engagement, and productivity while reducing financial stress. The company aims to help employers attract applicants and improve workforce stability by giving workers quicker access to their earnings.
About Rain Technologies
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$503.6M
Headquarters
Nashville, Tennessee
Founded
2019
Simplify's Take
What believers are saying
- AI agent autonomously manages cash flow using real-time earnings data.
- Teams integration boosts accessibility for 3.5M employees daily.
- Marqeta partnership scales EWA to healthcare, education, hospitality sectors.
What critics are saying
- CFPB rule classifies EWA as credit, slashing Rain's fee revenue now.
- DailyPay renews exclusive McDonald's pilot, eroding Rain's hospitality share.
- NY DFS bans non-bank EWA providers, collapsing Rain's NY revenue July 2026.
What makes Rain Technologies unique
- Rain launches world's first AI Financial Health Agent for 3.5M employees across 1,200 employers.
- Rain integrates earned wage access into Microsoft Teams for frontline workers.
- Rain partners with Marqeta to power Rain Card debit for seamless wage disbursement.
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Funding
Total Funding
$503.6M
Above
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
Unlimited Paid Time Off
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Parental Leave
Phone/Internet Stipend
Stock Options
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -2%2 year growth
↓ -3%Rain, a financial health platform serving 3.5 million employees across 1,200 employers including McDonald's, Marriott and T-Mobile, has launched what it calls the world's first AI Financial Health Agent. The system works autonomously to help employees manage cash flow, reduce expenses and improve financial outcomes. Unlike traditional financial health programmes that rely on reactive tools, Rain operates continuously by combining employees' real-time earnings data with connected financial information. This dual data approach provides context unavailable to other financial applications, according to CEO Alex Bradford. The platform has delivered over $4 billion in earned wages and aims to provide every employee with an AI agent that takes user-approved actions to prevent financial shortfalls and build long-term stability.
Rain, an earned wage access provider, has integrated its platform into Microsoft Teams, becoming one of the first EWA providers on the workplace platform. The integration allows employees to view their available earned wage balance directly within Teams before payday. The company serves over 3.5 million employees and has facilitated more than $3 billion in early wage access. By integrating with Teams, Rain enables frontline workers to check earned wages within the platform they use daily for communication and scheduling. Microsoft's Jeff Strasser noted the integration extends Teams' value for frontline workers by providing mobile-friendly tools supporting their wellbeing. Rain aims to eliminate payday loans and predatory financial products whilst giving employees control over their income and financial futures.
Earned wage access (EWA) is expanding platforms, including the eCommerce and ridesharing mainstays that rely on drivers for deliveries and trips, and the FinTech providers that offer enterprises new financial capabilities. In some cases, letting users get an advance on their pay comes via acquisition, and in other cases, the move has been done through partnerships that build out the range of services accessible via the platforms. Demand for on-Demand Pay
LOS ANGELES--(BUSINESS WIRE)--Rain, the financial wellness platform that helps companies give employees greater control over their finances, today announced that it has been named a winner in the “Best Innovative or Emerging Tech Solution” in the “Total Rewards and Employee Wellbeing” category by Lighthouse Research Advisory at the HR Tech Awards. Rain is recognized for providing earned wage access to millions of employees across the U.S. and giving them greater control over their financial wellbeing. “Employers wanting to give employees a fighting chance in their finances are looking at tools that provide earned wage access. Rising inflation and other costs have created financial constraints on a large portion of the overall workforce, but companies like Rain are working to remedy that. Rain provides a technology that enables workers to access their earned wages before payday, giving them flexibility and a way to cover their expenses without taking costly loans that steal from their financial future,” said Ben Eubanks, Chief Research Officer, Lighthouse Research Advisory
Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth. The collaboration will see Marqeta offer a commercial card for OakNorth’s business banking clients, with the Marqeta platform giving these customers a better view of the finances, the companies said in a news release Wednesday (April 24). “Traditional banking products aren’t always a fit for the specific needs of small- and medium-sized businesses, lacking the flexibility that they need in pivotal periods of growth and expecting them to fit into a one-size-fits-all solution,” Todd Pollak, Marqeta’s chief revenue officer, said in the release
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About Rain Technologies
Industries
Fintech
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$503.6M
Headquarters
Nashville, Tennessee
Founded
2019
There are no jobs for Rain Technologies right now.
Find jobs on Simplify and start your career today