See other companies on Welcome to the Jungle
Rain
Employer-sponsored financial wellness provider
- 201-500 employees
- Fintech
- B2C
- Enterprise
- Payments
- Financial Services
- Oakwood, Los Angeles, CA
Jump to section
Company mission
To regrow individual freedom by giving people control over their income and finances.
-31% employee growth in 12 months
Our take
Financial difficulties continue to be a leading cause of employee stress, and waiting for payday can cause periods of cash drought where workers are vulnerable to overdraft fees and predatory lending. Rain provides employees with access to an amount of their earned wage, which is reimbursed by employers per their regular pay cycle.
Although paying employees more often seems a solution to the payday problem, it is often too demanding for payroll departments, and brings associated costs that companies would rather avoid. Rain is free to employers who offer it as a benefit for their employees, and it integrates with payroll systems easily. Instead of paying high interest on a payday loan, employees pay a small fee for the transaction when they access pay before payday.
Rain is backed by QED, an active investor in income streaming, which has invested in companies such as Credit Karma and ClearScore. The company has secured impressive investment that will fund its continued US expansion, further develop technology and infrastructure, as well as contribute to increasing marketing efforts.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Remote work & a hybrid option for team members in our Nashville hub
- Flexible benefits package to fit your needs
- We offer volunteer opportunities and encourage our team members to prioritize their physical and mental health
- Opportunities for growth - we encourage employees to seek new passions within the company
Company values
- Live the Rain Mission - Our mission is what drives us to show up every day and bring our A-game. We are constantly thinking about how our efforts impact our customers and partners.
- Tamo Junto - We're stronger when we invest in, celebrate, and support each other as a truly global team. Together, we can conquer any challenge!
- Truth Conquers All - We're passionate about data and evidence (truth) and leverage it to make decisions and address the real underlying issues. Productive disagreements and "Radical Candor" are a necessity to get to the truth and new insights.
- "Float like a butterfly, sting like a bee!" - We are quick, adaptable, smart and effective in our approach to scaling.
- Act Like a Founder - We're determined and resourceful in making things happen and going the extra mile. We make decisions and trade-offs as if we are the founders of Rain.
- Grow with Rain - For Rain to achieve its mission, we need to grow with the company. We're driven by curiosity, potential, and the belief that every person can grow.
Funding (last 2 of 3 rounds)
Mar 2023
$66m
SERIES A
Dec 2020
$8.6m
SEED
Total funding: $78.6m
This company has top investors
Leadership
Alex Bradford
(CEO)Co-founder of Mosaic and BIG. Former CEO/Founder at Voyager Global Advisors.
Gilberto Garcia Jr
(Chief Architect Officer)Former Software Developer Consultant with Ascendant Compliance Management. Previously worked as Senior Scala Developer at Burner (Ad Hoc Labs).
Jen Terrell
(VP Employer Partnerships)Former VP Sales with Groupon. Worked at LivingSocial for 5 years including as Head of Local North American Sales division.