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
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Sectors
TechnologyHealthcare Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Rain Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$160.88 M (USD)
in 6 rounds
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Latest Funding Round
$75 M (USD), Series B
Apr 08, 2025
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Investors
Tribe Capital
& 10 more
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Employee Count
Employee Count
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Products & Services of Rain
Rain offers a comprehensive portfolio of products and services, including Earned Wage Access. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Earned wages are accessed instantly by employees through app.
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 Total Funding
- Total Rounds 6
- Last Round Series B — $75.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series B - Rain | Valuation | Prosus | |
| Feb, 2025 | Amount | Series A - Rain | Valuation |
investors |
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| Feb, 2024 | Amount | Debt – Conventional - Rain | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage tech startups are invested in by Spark Growth Ventures.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage start-ups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rain
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rain
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rain Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Financial benefits platform for on-demand pay is provided to employees.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rain
Frequently Asked Questions about Rain
When was Rain founded?
Rain was founded in 2002 and raised its 1st funding round 20 years after it was founded.
Where is Rain located?
Rain is headquartered in Venice, United States. It is registered at Venice, Florida, United States.
Who is the current CEO of Rain?
Alex Bradford is the current CEO of Rain. They have also founded this company.
Is Rain a funded company?
Rain is a funded company, having raised a total of $160.88M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $300M, raised on Jun 01, 2022.
What does Rain do?
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.
Who are the top competitors of Rain?
Rain's top competitors include Accolade, Hinge Health and Wagestream.
What products or services does Rain offer?
Rain offers Earned Wage Access.
Who are Rain's investors?
Rain has 11 investors. Key investors include Tribe Capital, Prosus, WndrCo, Sound Point Capital, and Nextalia SGR.
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