# Rain Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rain-technologies

- Industry: Software
- Headquarters: Nashville, US
- Website: www.rainapp.com
- Total disclosed funding: $71M
- Latest round: Series B (Feb 10, 2025)
- Investors on record: 8

## About

Based in Santa Monica, US, and founded in 2019, Rain Technologies Inc. offers a tool to bridge the paycheck gap between employers and employees. Alex Bradford and Jennifer Terrell are the co-founders of the company. In April 2025, Rain Technologies Inc. raised USD 75 million in series B funding led by new investor Prosus N.V., with participation from other new investors Nextalia and Spark Growth Ventures. Returning investors QED Investors, Invus, and other unspecified investors also participated the round. The company offers an instant pay app that allows employees to withdraw money from their paychecks early for a tiny charge—considerably less than payday lending rates. Employees essentially pay a tiny fee, equivalent to an ATM fee, to access the money they've previously earned with their business. Rain employs a proprietary platform that connects to payroll systems. Its application helps employees manage their accounts and request paycheck advances. The company generates revenue by charging a small fee to the employee when the employee requires a paycheck advance. The company plans to utilize the April 2025 funding to grow both its operations and growth initiatives.

## Funding rounds

- Series B, Feb 10, 2025, $20M — Invus [DUP], QED Investors, Prosus N.V., Spark Growth Ventures, Nextalia
- Series A, Mar 21, 2023, $51M — Invus [DUP], QED Investors, WndrCo, Tribe Capital, Dreamers VC

## Investors

- Invus [DUP] — Series A, Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series A, Series B
- WndrCo (https://capitalatlas.ai/funds/wndrco) — Series A
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Series A
- Dreamers VC (https://capitalatlas.ai/funds/dreamers-vc) — Series A
- Prosus N.V. — Series B
- Spark Growth Ventures (https://capitalatlas.ai/funds/spark-growth-ventures) — Series B
- Nextalia (https://capitalatlas.ai/funds/nextalia) — Series B