Rain
Rain offers a financial wellness benefit that allows employees instant access to their earned wages, integrating seamlessly with existing payroll and timekeeping systems.
Services
Rain offers a financial wellness benefit that allows employees instant access to their earned wages. The company integrates seamlessly with existing payroll and timekeeping systems, providing users with a user-friendly app available on both the Apple App Store and Google Play Store. Rain promotes employee financial wellness by offering a free transfer option for accessing earned wages, along with a Visa Rain Card for enhanced cash out experiences with lower fees.
Products
Rain's primary product offerings include their financial wellness benefit and the Visa Rain Card. The financial wellness benefit provides employees with instant access to their earned wages, supporting immediate financial needs. The Visa Rain Card enhances this experience by offering lower fees for cash outs. Rain's app facilitates these services and is available on both iOS and Android platforms, ensuring that users can access their earnings conveniently.
Compliance and Privacy
Rain adheres to high compliance standards and ensures the privacy and trust of its users by collecting minimal data. The company operates under a payroll adjustment model for Earned Wage Access, ensuring compliance with financial regulations. These measures underscore Rain's commitment to maintaining a secure and trustworthy service for its users.
Funding and Recognition
Rain has secured $300 million in financing from Clear Haven Capital Management to expand its services. Additionally, Rain was named 'Best Innovative or Emerging Tech Solution' at the 2024 HR Tech Awards, recognizing the company's impact and innovation in the financial wellness sector. These achievements underscore Rain's growth and prominence in the industry.
Industry Solutions
Rain supports a variety of industries, including healthcare, retail, manufacturing, and hospitality, with tailored financial wellness solutions. By offering industry-specific benefits and integrating seamlessly with existing payroll systems, Rain ensures that employees across these sectors can access their earned wages instantly, improving their financial well-being and satisfaction.