About Rain
Rain is a company based in Venice (United States) founded in 2002 by Gilberto Garcia and Alex Bradford. It operates as a FinTech and Subscription Services. Rain has raised $160.88 million across 6 funding rounds from investors including Tribe Capital, Prosus and WndrCo. Rain offers products and services including Earned Wage Access. Rain operates in a competitive market with competitors including Hinge Health, Wagestream, Practo, Payflow and Accolade, among others.
- Headquarter Venice, United States
- Founders Gilberto Garcia, Alex Bradford
- SectorsTechnologyHealthcare Financial Services
- Website rainapp.com
- Social LinkedIn X YouTube
- Legal Name Rain Technologies Inc.
- Date of Incorporation 09 Dec, 2020
- Annual Revenue₹2.90 Cr
FY 2025 · -42% YoY
- Net Loss-₹3.20 Cr
FY 2025 · -110% margin
- EBITDA-₹3.20 Cr
FY 2025 · -110% margin
- Total Equity Funding$160.88M (USD)
in 6 rounds
- Latest Funding Round$75M (USD), Series B
Apr 2025
- InvestorsTribe Capital
& 10 more
Associated legal entities of Rain
Rain operates through Rainpay India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rainpay India Private Limited CIN U74140KA2020FTC142026 | Active | 09 Dec 2020 | Bangalore, Karnataka | ₹2.9 Cr | 53 | 2 | View details |
Products & Services of Rain
Rain offers a comprehensive portfolio of products and services, including Earned Wage Access.
Earned wages are accessed instantly by employees through app.
Apps and channels of Rain
Rain publishes 1 mobile app with over 500K+ downloads; its YouTube channel Rain Instant Pay has 380 subscribers and 25 videos.
Videos from Rain
The most watched videos on Rain's YouTube channel, Rain Instant Pay (380 subscribers). Click a video to play it here.
More on Rain Instant Pay.
Funding Insights of Rain
Rain has successfully raised a total of $160.88M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $75 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $160.88M
- Total Rounds 6
- Last Round Series B — $75M
- Investors Count 11
All 6 funding rounds of Rain with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $75M | Series B | – | Prosus | |
| Feb 2025 | $19.88M | Series A | – | – | – |
| Feb 2024 | $300M | Debt – Conventional | – | – | |
| Mar 2023 | $50M | Debt – Conventional | – | – | |
| Mar 2023 | $66M | Series A | – | QED Investors, Invus | |
| Jun 2022 | – | Series A | – | TRAC | – |
11 investors in total: 11 institutional.
Investors in Rain
Rain has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Tribe Capital, Prosus and WndrCo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
Early-stage tech startups are invested in by Spark Growth Ventures. | – | sparkgv.com | San Diego, United States | |
Venture capital fund investing in early-stage start-ups | – | qedinvestors.com | Alexandria, United States | |
Long-term private equity investments in transformational opportunities are pursued. | – | invus.com | New York, United States | |
Investments are made in global seed and early-stage startups. | 2018 | tribecap.co | Menlo Park, United States | |
Venture capital firm focused on early-stage companies | – | dreamers.vc | Calabasas, United States | |
Investments are made by TRAC in early-stage technology startups. | – | trac.vc | Sonoma, United States | |
Investment advisor offering asset-backed credit solutions to borrowers and investors. | 2012 | clearhavencm.com | New York, United States | |
Diversified credit strategies are managed through investment services. | 2008 | soundpointcap.com | New York, United States | |
Builder and investor in transformative growth companies | 2016 | wndrco.com | Los Angeles, United States |
Investor details for Rain
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Rainpay India Private Limited (Rain)
Rainpay India Private Limited is the primary company behind Rain. The board of Rainpay India Private Limited currently have 2 directors; the longest-serving is Akbar Khan, appointed in 2020. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Akbar Khan DIN 07657205 | Director | 09 Dec 2020 | 5 yrs 10 mo | Rainpay India Private Limited |
| Alexander Anderson Bradford DIN 08990003 | Director | 09 Dec 2020 | 5 yrs 10 mo | Rainpay India Private Limited |
People of Rain
4 people are tracked at Rain (4 in leadership).
| Name | Role | Group |
|---|---|---|
Gilberto Garcia | Co-Founder & CTO & CAO | Leadership |
Alex Bradford | Co-Founder & CEO | Leadership |
Gilberto Garcia Jr | Co-founder / CTO / CAO | Leadership |
Aaron Labrado | Head Of Analytics & Insights | Leadership |
Complete people profiles for Rain
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Rain
Figures of Rainpay India Private Limited, the primary company behind Rain, for FY 2025. Revenue was ₹2.90 Cr (-42% year on year). Net loss was -₹3.20 Cr (-110% margin). EBITDA was -₹3.20 Cr (-110% margin). Revenue has grown at a compounded annual rate of +155% over three years.
- ₹2.90 CrRevenue · FY 2025 · -42% YoY
- -₹3.20 CrNet loss · -110% margin
- -₹3.20 CrEBITDA · -110% margin
- ₹48.12 CrPaid-up capital
- 53Employees (provident fund records)
- +155%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Rainpay India Private Limited are on its company page.
Detailed financial statements for Rain
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Rain
3 dated milestones of Rain across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Rain is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $75.0M.
Competitors of Rain
Rain operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Wagestream, Practo, Payflow and Accolade, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| wagestream.com | 2018 | London, United Kingdom | $133.02M | – | Financial benefits platform for on-demand pay is provided to employees. | |
| practo.com | 2008 | Bengaluru, India | $227.88M | – | Doctor appointments are booked and healthcare professionals are consulted online. | |
| payflow.es | 2020 | Alcobendas, Spain | $58.23M | – | Payflow is recognized as a financial wellness application for employees. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | – | Employee health benefits are facilitated via a cloud-based platform. | |
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. | |
| spendesk.com | 2016 | Paris, France | $303.82M | – | Provider of prepaid cards for financial benefits of employees | |
| betterfly.com | 2018 | Santiago, Chile | $202.5M | – | Employee health and well-being solutions are delivered through a platform. | |
| dailypay.com | 2015 | New York, United States | $269M | 845 | Developer of an online platform for employee financial benefits | |
| wellhub.com | 2012 | New York, United States | $85M | 213 | Cloud-based wellness programs are offered for employee health and productivity. |
Detailed competitors of Rain
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Rain
The website of Rain (rainapp.com) receives about 56K visits a month.
- Monthly visits56K
▲ 21% vs previous month
Websites whose visitors overlap most with Rain. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
marketplace.workday.com | marketplace.workday.com | 100% | – | #536,568 | – |
fintechmagazine.com | fintechmagazine.com | 100% | – | #149,934 | – |
labusinessjournal.com | labusinessjournal.com | 80% | – | #337,403 | – |
| achievefinancialcu.com | 60% | – | #1,258,776 | View details | |
americor.com | americor.com | 60% | – | #60,343 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Rain
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Rain
Complete news archive for Rain
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Rain
10 companies that operate in the same segment as Rain (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
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Frequently Asked Questions about Rain
Rain was founded in 2002 and raised its 1st funding round 20 years after it was founded.
Rain is headquartered in Venice, United States. It is registered at Venice, Florida, United States.
Alex Bradford is the current CEO of Rain. They have also founded this company.
Rain is a funded company, having raised a total of $160.88M across 6 funding rounds to date.
The primary company behind Rain, Rainpay India Private Limited, reported revenue of ₹2.90 Cr for FY 2025, down 42% year on year.
Rain Technologies Inc. is focused on delivering Earned Wage Access solutions integrated with employer payroll systems. Seamless integration with platforms like Workday is offered, enabling employees to access wages instantly. Financial wellness tools and transparent practices are emphasized to reduce employee stress. The service targets various sectors, including hospitality and senior living, to improve retention and productivity. Implementation is designed to be efficient, with minimal operational burden for employers.
Rain's top competitors include Accolade, Hinge Health and Wagestream.
Rain offers Earned Wage Access.
Rain has 11 investors. Key investors include Tribe Capital, Prosus, WndrCo, Sound Point Capital, and Nextalia SGR.
Rain operates through Rainpay India Private Limited.
The legal entities of Rain currently have 2 directors, including Akbar Khan, Alexander Anderson Bradford.
Yes. Rain publishes Rain Instant Pay, with over 500,000 downloads.