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.


Investors · 30
How we know: 14Peaks Capital's portfolio page · Not right? Tell us
How we know: Big Brain Holdings's portfolio page · Not right? Tell us
How we know: CM Ventures's portfolio page · Not right? Tell us
How we know: Dreamers VC's portfolio page · the VCSheet dataset · Not right? Tell us
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Funding
SEC filings, press & company announcements$250M disclosed across 1 of 5 rounds · 2025–2026
- $250MSeries CJan 2026 · 2 sources
ICONIQ (lead), Bessemer Venture Partners, Dragonfly, Endeavor Catalyst, FirstMark, Galaxy Ventures, Lightspeed, Norwest, Sapphire Ventures
Source ↗ - Undisclosed amountSeries BSep 2025Source ↗
- Undisclosed amountseries BAug 2025
Sapphire Ventures (lead), Dragonfly, Endeavor Catalyst, Galaxy Ventures, Lightspeed, Norwest, Samsung Next
Source ↗ - Undisclosed amountSeries BApr 2025Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Rain 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 reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsBanking 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.
Rain Technologies Inc. is registered with the California DFPI under the CCFPL with registration number 04-CCFPL-2623400-3635550 and holds NMLS ID 2623400.
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.
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
- Rainrain.us · web
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.









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