Summer 2025
Software Engineer Intern
Posted on 2/24/2025
Rain
201-500 employees
Employer-provided on-demand earned wage access
No salary listed
New York, NY, USA
Remote
 Software Engineering (1) |
|---|
Get referred to Rain
Find people who can refer or advise you
- Experience with Javascript, React, Typescript, NextJS, Tailwind, NodeJS (a subset of these works too)
- A builder mentality, someone who experiments with side projects
- Current college student
- Be a critical part of the technical and product roadmap.
- Build products across our stack (using React, Typescript, NextJS, Tailwind, NodeJS)
- Help drive the technical roadmap and architectural decisions as we grow
- Interact with smart contracts across on multiple chains
- Fintech experience (neobank or card issuing experience gets extra brownie points)
- Experience with dApps
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
Get referred to Rain
Find people who can refer or advise you
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.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Unlimited Paid Time Off
Flexible Work Hours
Health Insurance
Life Insurance
Equity Plan
Wellness Program
Team Summits
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%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.
●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.
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.
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.
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.