Articles from Rain

Rain, a leading provider of earned wage access (EWA) and other financial health solutions, today announced a new integration with Microsoft Teams that enables employees to view their available earned wage balance before payday, directly within their daily workspace. This integration makes Rain one of the first earned wage access providers for Microsoft Teams.

Rain, a leading provider of earned wage access (EWA) and employee financial wellness, today announced a partnership with AllianceHCM, an all-in-one payroll and HR platform serving employers across the restaurant, retail, manufacturing and healthcare industries.

Rain, a leading provider of earned wage access (EWA) solutions, today announced the launch of a new integration with leading HR, payroll and spend management platform, Paylocity. The more than 41,650 clients using Paylocity will now have access to a streamlined earned wage access solution directly through the company’s integrations marketplace. This new bi-directional integration enables the employees of Paylocity customers to join over 3.5 million workers who have used Rain to reduce reliance on predatory financial products and ease financial strain between paychecks.

Rain, a leading provider of earned wage access (EWA) solutions, today announced the launch of the first fully embedded on-demand pay integration within Workday.

Rain, the employer-integrated earned wage access (EWA) and financial wellness app, announced today it has raised $75 million in Series B equity funding. The round was led by Prosus with additional participation from Nextalia Ventures, Spark Growth Ventures, and existing investors including QED, Invus Opportunities, and others.

Rain, the global card issuing platform powered by stablecoins, announced $24.5 million in new funding led by Norwest Venture Partners. New investors joining the round included Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Existing investors Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital also participated. Rain also announced its principal membership with Visa, partnering with the network to build their issuance footprint in Europe while expanding their current issuance across the U.S. and Latin America.

Rain, an employer-sponsored platform providing earned wage access (EWA) and other financial wellness services, today announced a signed partnership agreement with Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money.

Rain, the financial wellness platform that helps companies give employees greater control over their finances, today announced that it has been named a winner in the “Best Innovative or Emerging Tech Solution” in the “Total Rewards and Employee Wellbeing” category by Lighthouse Research & Advisory at the HR Tech Awards. Rain is recognized for providing earned wage access to millions of employees across the U.S. and giving them greater control over their financial wellbeing.

Rain, a leader in aerial wildfire containment technology, and Sikorsky, a Lockheed Martin company specializing in advanced rotorcraft, completed flight tests in late 2023 demonstrating how an autonomous helicopter carrying water can be quickly launched to suppress a wildland fire in its very early stage.

Rain, the financial wellness platform that helps companies give employees greater control over their finances, announced today it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding, Rain now has more capital to service its growing customer base, allowing it to provide employees an easy way to access their earned wages in real-time, driving increased retention, job applications, and employee engagement.

Rain, a leader in aerial wildfire containment technology, and Sikorsky, a Lockheed Martin company, announced today at the UP.Summit a collaboration to explore how Sikorsky’s MATRIX™ autonomy suite operating with Rain’s Wildfire Mission Autonomy System can launch uncrewed helicopters to drop water on wildfires within minutes of detection.

Rain, a leader in aerial wildfire containment technology, announced an oversubscribed seed round, closing $9.7 million in financing earlier this year to provide fire agencies the ability to contain wildfires before they grow out of control with prepositioned autonomous aircraft. DBL Partners led the round, with participation from VoLo Earth Ventures, Kapor Capital, and Convective Capital. Other investors include Immad Akhund, Brian Bjelde, Steve Blank, John and Patrick Collison, Edward Fenster, Dylan Field, Nat Friedman, Daniel Gross, Geoff Ralston, and Blake Scholl. The funding will be used to advance pilot projects in the United States.

Rain, a provider of financial wellness products that empower and engage employees, announced today that it raised $116 million, encompassing $66 million in equity and $50M in debt. QED Investors and Invus Opportunities led the Series A with participation from firms including WndrCo, Tribe Capital, and Dreamers VC, which was co-founded by Will Smith. The debt facility was arranged by Sound Point Capital Management, LP. The funding will be used to support Rain's continued expansion in the U.S. through investments in technology and infrastructure, employee and employer experience, and marketing.

Almost 30 billion RAIN Radio Frequency Identification (RFID) tag integrated circuits (IC) were sold worldwide in 2021 resulting in a 36% increase over 2020 sales according to research released today by the RAIN Alliance. The RAIN RFID Market Research Report from VDC Research predicts IC shipments are expected to scale to 88.5 billion by 2028, a CAGR of 25.1%. Supply chain upgrades and use of more sustainable solutions is helping to drive the increases in adoption of RAIN RFID solutions.