/Companies

Rain

Los Angeles, US · Founded 2019 · 30 known investors

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Rain provides real-time financial guidance to employees by monitoring cash flow, analyzing spending patterns, and offering personalized financial advice. The platform combines earnings data with connected bank accounts to help workers manage bills, access earned wages, and build financial security.

Also known as Rain Technologies Inc.

Founders & leadership

Rain was founded in 2019 by AJ Nelson, Gilberto Garcia, HR Tech SaaS AJ Nelson, Jen Terrell, and Alex Bradford.

ANAJ Nelson
AJ NelsonFounder
GG
Gilberto GarciaCo-Founder / CTO / CAOTechnical co-founder; LinkedIn lists Co-Founder, CTO, and CAO.
HT
HR Tech SaaS AJ NelsonFounder
JTJen Terrell
Jen TerrellCo-founder · VP Employer PartnershipsCo-founder featured with Bradford in Series B coverage; later public materials also describe a VP of Employer-facing role.
ABAlex Bradford
Alex BradfordCEO / Co-FounderFounder and CEO of Rain, a financial guidance platform for employees that monitors cash flow and provides personalized financial advice.

Investors · 30

Funding

SEC filings, press & company announcements

$250M disclosed across 1 of 5 rounds · 2025–2026

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Rain Technologies Inc. operates an employer-integrated financial health platform built around earned wage access (EWA), allowing workers to draw money they have already earned ahead of a scheduled payday. The company positions the product as access to already-earned wages rather than a loan, credit or an advance on future pay, and pairs it with balance protection and financial coaching features including budgeting tools, spending analysis and free tax filing. Rain markets itself to employers as an AI-driven platform that operates continuously to support employee financial security while improving workforce retention and productivity.

Rain sells to employers through an employer portal and demo-request motion, and distributes an employee-facing app. Its site describes integrations with existing payroll workflows using an enterprise deduction model that leaves employers in control of payroll and data, and cites a proprietary data-ingestion system maintained by an in-house engineering team. Rain states it collects only six required data fields and does not require Social Security number or date of birth, and reports SOC 1 Type 2, SOC 2 Type 2 and ISO/IEC 27001 certifications. User support is described as 24/7 U.S.-based care in English and Spanish with response times under 30 seconds.

Rain Technologies Inc. is not a bank; certain banking services are provided by Evolve Bank & Trust, while the Rain bank account is a demand deposit account and the Rain debit card is issued by Pathward, N.A. under a Visa U.S.A. license. The company is registered with the California DFPI under the CCFPL (registration 04-CCFPL-2623400-3635550) and holds NMLS ID 2623400.

Business model

Rain distributes its earned wage access and financial health tools as an employer-sponsored benefit: employers integrate the platform with existing payroll and deduction workflows, and their employees use Rain's app to access earned wages and financial tools. The employer value proposition is framed around retention, reduced absenteeism and improved timeclock compliance.

Traction

Rain reports more than 3.5 million employees empowered and over 70,000 reviews averaging 4.8 stars, and cites customer outcomes including a 35% turnover improvement after one year, 17+ additional hours worked per month, 2x more job applications on average, and a 15-30% increase in timeclock compliance.

▸Full profile — market position, technology, go-to-market, geography

Market position

Rain competes in the U.S. earned wage access and financial wellness benefits market, positioning itself as an enterprise-grade, compliant provider used by Fortune 500 employers, and references a 2026 Financial Wellness Award on its site.

Rain emphasizes that its product is access to already-earned wages rather than a loan or credit product, a data-minimal onboarding model requiring six fields and no SSN or date of birth, an employer-controlled payroll deduction model, rapid implementation (customers cited going live in under a week), and 24/7 U.S.-based bilingual support.

Technology

The platform is described as an AI-based financial health system with a proprietary data-ingestion system and a U.S.-centered technology stack built and maintained in-house. It uses end-to-end encryption and an enterprise-grade payroll deduction model, has been third-party audited, and is certified to SOC 1 Type 2, SOC 2 Type 2 and ISO/IEC 27001. Rain states it requires only six data fields and no SSN or date of birth, which it characterizes as the most data-minimal model among U.S. providers.

Go-to-market

Direct enterprise sales to employers via demo requests and an employer portal, with an employee-facing app for end users; the company also publishes buyer-oriented resources such as a turnover cost calculator, buyer's toolkit and provider guide.

U.S. employers, including Fortune 500 companies and multi-location operators across a range of industries, and their hourly and salaried employees.

Geography

United States, with a U.S.-based technology platform and U.S.-based customer support in English and Spanish.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Additional hours worked per monthJan 202617 hours
Employees empoweredJan 20263,500,000 employees
Increase in job applicationsJan 20262x more job applications on average
Increase in timeclock complianceJan 202615-30%
Required onboarding data fieldsJan 20266 fields
Turnover improvement after 1 yearJan 202635%
User reviewsJan 202670,000 reviews

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
Jan 2026
2026 Financial Wellness Award

Rain's website displays a 2026 Financial Wellness Award.

source ↗

Jan 2026
Banking and card-issuing partnerships with Evolve Bank & Trust and Pathward

Banking services are provided to select customers by Evolve Bank & Trust; the Rain bank account is a demand deposit account established by, and the Rain debit card issued by, Pathward, N.A. under a Visa U.S.A. license.

source ↗

Jan 2026
California DFPI registration and NMLS licensing

Rain Technologies Inc. is registered with the California DFPI under the CCFPL with registration number 04-CCFPL-2623400-3635550 and holds NMLS ID 2623400.

source ↗

Jan 2026
SOC 1 Type 2, SOC 2 Type 2 and ISO/IEC 27001 certification

Rain states its platform is third-party audited and tested and certified to SOC 1 Type 2, SOC 2 Type 2 and ISO/IEC 27001 standards.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Rain do?
Rain is a U.S. earned wage access and financial health platform that lets employees access pay they have already earned.
Who founded Rain?
Rain was founded by AJ Nelson, Gilberto Garcia, HR Tech SaaS AJ Nelson, Jen Terrell, Alex Bradford in 2019.
Who are Rain's investors?
Rain's investors include 14Peaks Capital, Aurum Venture Partners, Big Brain Holdings, Clear Haven Capital Management, CM Ventures, Dreamers VC, Ensemble VC, Ethos VC and 22 more.
How much funding has Rain raised?
Rain has disclosed $250M raised across 1 of its 5 known rounds.
Where is Rain headquartered?
Rain is headquartered in Los Angeles, US.