R

Rain

Employer-provided on-demand earned wage access

Fraud Risk Support Analyst

Full-Time
$100k - $130k/yr+ Equity options + 4% 401(k) match
Junior
New York, NY, USA
In Person
Finance & BankingRisk Management

About the job

Requirements
  • Proficiency in SQL, Excel, and data visualization tools.
  • At least 2 years of experience in fraud prevention, payments risk, or financial crime investigation.
  • A background in identity risk, anti-money laundering, payments fraud, or compliance analytics.
  • Ability to investigate transactions and other user events and determine the risk level of anomalous behavior.
  • Strong verbal and written communication skills.
Responsibilities
  • Serve as a primary point of contact for fraud-related escalations from partners and customers.
  • Create ad hoc data pulls with SQL to investigate anomalies and analyze results for fraudulent activity.
  • Document investigation findings, actions taken, and outcomes in accordance with internal processes.
  • Use Visa tools to investigate transactions and report fraud to Visa and partners as needed.
  • Recommend actions on cards, accounts, and rule sets based on deep dives into fraudulent traffic.
  • Stay current with industry fraud trends, emerging fraud techniques, and new technologies to identify and prevent evolving schemes.
  • Partner with Product, Engineering, and Compliance teams to escalate findings and inform rule changes.
Desired Qualifications
  • Experience at a high-growth fintech or financial services company.
  • Experience working with disputes and disputes processing.
  • Deep experience working with the Visa tool suite.
  • CFE certification.
  • Proficiency and experience with Python.
  • Experience using AI-assisted tools for fraud analysis, document creation, and workflow optimization.

About the company

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.

Company Size

201-500

Company Stage

Series B

Total Funding

$120.2M

Headquarters

Manama, Bahrain

Founded

2021

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Simplify's Take

What believers are saying

  • Rain raised $250 million on January 9, 2026, valuing it at $1.95 billion.
  • Rain expanded global payouts to 80 countries and 50 currencies by September 2026.
  • Rain added KRW1 support and Standard Chartered banking in 2026, widening regional reach.

What critics are saying

  • On August 28, 2026, Rain’s outdated Solana contract drained roughly $1.1 million.
  • Rain depends on Visa, Episode Six, and bank partners; one termination breaks issuance.
  • Stablecoin card rails face regulatory shutdown risk if a major jurisdiction restricts settlement.

What makes Rain unique

  • Rain tokenizes card receivables and settles Visa transactions in USDC, 365 days yearly.
  • Rain holds Visa principal membership, extending stablecoin card programs across 150 million merchants.
  • Rain’s Episode Six partnership gives enterprise clients APAC issuing and Visa-certified processing.

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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

0%

2 year growth

-3%
The Defiant
Aug 11th, 2026
Rain acquires merchant wallet startup Ansa, appoints founder as head of payments

Rain, a stablecoin card issuer, has acquired Ansa, a merchant wallet startup. Ansa builds branded prepaid wallets that hold dollar balances for merchants, without a stablecoin component. The acquisition's financial terms were not disclosed. As part of the deal, Ansa founder Sophia Goldberg will join Rain as head of payments. The move expands Rain's capabilities in the payments space, combining its stablecoin card infrastructure with Ansa's merchant-focused wallet technology.

The Chosun Ilbo
Jul 14th, 2026
Naver invests in US crypto payment firm Rain's $250M Series C round

Naver Ventures has invested in Rain, a US virtual asset payment infrastructure firm, as part of its $250 million Series C funding round. This marks the Silicon Valley investment subsidiary's first investment in a virtual asset company, though the exact amount was not disclosed. Founded in 2021, Rain provides infrastructure technology enabling stablecoin payments through Visa's existing payment network and holds core membership status with the card company. When users pay at Visa merchants with Rain-issued cards, their stablecoins automatically convert to local currency for settlement. Rain previously partnered with Wyoming State government to launch a physical card supporting payments via the state's self-issued stablecoin. Analysts view Naver's investment as strategic positioning to expand stablecoin payment operations globally.

PR Newswire
Jun 9th, 2026
Rain launches Agent Control Layer for AI payment governance

Rain, a stablecoin payments infrastructure company, has released its Agent Control Layer, enabling businesses to set programmatic spending guardrails for AI agents at the infrastructure level. The capability allows companies to define conditions under which AI agents can spend and move money before transactions occur. The system works across Rain's APIs, letting partners configure controls including merchant category codes, approved merchants, transaction amounts and frequency. Parameters are enforced at issuance rather than retroactively. Rain's infrastructure already supports agents booking travel, managing subscriptions and executing procurement workflows in production. The Agent Control Layer extends across Rain's money movement suite, including virtual accounts and stablecoin payments. Y Combinator-backed Sponge is among early customers using the technology to issue virtual cards backed by stablecoin balances.

CoinCentral
May 4th, 2026
Rain adds Mastercard to stablecoin card network after $250M Series C raise

Rain has expanded its Stablecoin Card network through a partnership with Mastercard, adding credit and prepaid card options alongside its existing Visa-focused model. The deal enables institutional clients to settle payments using stablecoins across Mastercard-linked systems whilst maintaining familiar card experiences. The expansion follows Rain's recent $250 million Series C funding round at a $1.95 billion valuation. The company handles stablecoin conversion and settlement behind the scenes, allowing enterprises to launch compliant card programmes without overhauling existing payment systems. The move positions Rain deeper within global payment infrastructure as stablecoins increasingly support settlement, treasury movement and merchant payments beyond crypto trading. Rain now competes with firms like Stripe and Coinbase in pushing stablecoins into practical business use cases across dual payment networks.

Startup Researcher
Apr 27th, 2026
Rain acquires Saudi financial media firm Digital Ma'arefa to boost regional presence

Rain Financial Inc. has acquired Digital Ma'arefa, a Saudi-based financial media company behind The Finance Memo and Crypto Memo, completing the transaction on 30 March 2026. The deal brings Digital Ma'arefa's network of over one million followers and 100,000 newsletter subscribers into Rain's operations. Digital Ma'arefa's three co-founders, Abdullah Mashat, Wael AlMutlaq and Abdullah Fageih, will join Rain, with Mashat appointed managing director. Founded in 2021, Digital Ma'arefa operates several newsletters covering finance, crypto, tourism and artificial intelligence. Rain, a GCC-based crypto brokerage licensed by the Central Bank of Bahrain and Abu Dhabi Global Market, raised $110 million in 2022 at a $500 million valuation. The company serves over two million users and has processed $11 billion in trading volume since 2017.