# Rain

> Rain is a Santa Monica fintech that lets employees tap the wages they've already earned before payday. It plugs directly into employer payroll and time-and-attendance systems to calculate real-time earnings, then pairs instant access with budgeting tools, free tax filing, financial coaching, an AI financial assistant and a debit card. Since 2019 it has reached over 3.5 million workers and moved more than $2 billion in wages, positioning earned wage access as an employer benefit that cuts turnover and financial stress.

- **Founded:** 2019
- **Headquarters:** Santa Monica, California, United States
- **Founders:** Alex Bradford (Co-Founder & CEO), Gilberto Garcia (Co-Founder), Jennifer Terrell (Co-Founder)
- **Team size:** ~150 employees
- **Products:** Earned Wage Access (EWA), Financial Health Tools, AI Financial Health Agent, Financial Coaching, Rain DebitCard
- **Notable:** Reached over 3.5 million employees and distributed more than $2 billion in earned wages since 2019, 2023 Series A reported as the largest in HR tech history at $116M, Raised $75M Series B led by Prosus in April 2025

## Products & services

- **Earned Wage Access (EWA)** — Lets employees access a portion of wages they've already earned before scheduled payday, calculated in real time from payroll and time-and-attendance data, with employer-set guardrails and limits.
- **Financial Health Tools** — In-app budgeting, spending analysis and free tax filing to help workers plan and manage money.
- **AI Financial Health Agent** — A 24/7 automated assistant offering financial guidance inside the app.
- **Financial Coaching** — Guidance and support resources to build longer-term financial literacy and security.
- **Rain DebitCard** — A debit card issued by Pathward, N.A. for spending accessed wages.
- **Workday Embedded EWA** — The first fully embedded on-demand pay integration inside Workday - no third-party implementation, system changes or data handoffs required.

## Achievements

- Reached over 3.5 million employees and distributed more than $2 billion in earned wages since 2019
- 2023 Series A reported as the largest in HR tech history at $116M
- Raised $75M Series B led by Prosus in April 2025
- First fully embedded on-demand pay integration inside Workday
- 4.8-star app rating across 70K+ reviews
- Reported 35% turnover improvement for employers after one year

## Latest updates

- **2025-04** — Raised $75M Series B led by Prosus to expand earned wage access and build new credit and savings products.
- **2024-09** — Named a Workday Services Partner and launched embedded on-demand pay inside Workday.
- **2023-03** — Closed $116M Series A, reported as the largest in HR tech history.

## Links

- Website: https://www.rainapp.com
- LinkedIn: https://www.linkedin.com/company/rain-app
- Twitter/X: https://twitter.com/RainApp_us
- Facebook: https://facebook.com/raininstantpay

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Profile page: https://yespress.io/rain
Published by YesPress — https://yespress.io
Last updated: 2026-06-13