Rain: Funding, Investors & Team (Oct 2026)
Rain is a rapidly expanding company that offers early access to pay and financial wellness benefits on a global scale. Operating in multiple countries, Rain provides a voluntary employee benefit that is cost-free for employers to set up. By integrating with payroll and timekeeping systems, Rain streamlines the process for employers with minimal effort required. Employees can access their wages at any time during the week, along with additional perks like a free pay card and immediate access to tips. Rain also offers financial tools such as credit score improvement and educational resources, as well as discounts on various voluntary benefits such as prescriptions and dental care. Employers benefit from providing a sought-after employee benefit, leading to decreased turnover rates and increased job applications.
Rain has raised $141M across 3 funding rounds on record, the most recent a Series B of $75.0M announced in Apr 2025.
That round is above the $5.0M median round size for Administrative Services companies tracked on FundedIQ over the last two years.
Rain Company Profile and Key Stats
Latest funding round on record: Apr 2025.
Rain Funding Rounds
1 of 3 rounds was announced without a disclosed amount and is excluded from the total.
Rain raised $66.0M in a Series A announced in Mar 2023.
1 years later, an undisclosed round was announced in Mar 2024 with no disclosed amount.
1.1 years later, a Series B of $75.0M was announced in Apr 2025.
Rain Founders and Leadership Team
No contact details are on record for this team yet.
Rain Funding Compared to Other Administrative Services Startups
Rain's latest round of $75.0M is above the median round in Administrative Services. Medians cover the last 24 months of disclosed rounds.
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Rain Funding FAQs
What does Rain do?
Rain is a rapidly expanding company that offers early access to pay and financial wellness benefits on a global scale. Operating in multiple countries, Rain provides a voluntary employee benefit that is cost-free for employers to set up. By integrating with payroll and timekeeping systems, Rain streamlines the process for employers with minimal effort required. Employees can access their wages at any time during the week, along with additional perks like a free pay card and immediate access to tips. Rain also offers financial tools such as credit score improvement and educational resources, as well as discounts on various voluntary benefits such as prescriptions and dental care. Employers benefit from providing a sought-after employee benefit, leading to decreased turnover rates and increased job applications.
How much funding has Rain raised?
Rain has raised $141M across 3 rounds on record. The most recent is a Series B of $75.0M announced in Apr 2025.
When did Rain last raise funding?
Rain's most recent funding round on record is a Series B of $75.0M, announced in Apr 2025.
Who founded Rain?
FundedIQ lists Rain Randsberg (Founder), Stiatti Alberto (Founder) at Rain.
Who is the CEO of Rain?
Akbar Khan is listed as CEO at Rain.
Where is Rain headquartered?
Rain is based in Nashville, Tennessee, United States.
How many employees does Rain have?
Rain is in the 251-500 employee band.
How does Rain's funding compare to other Administrative Services startups?
Rain's latest round of $75.0M is above the $5.0M median round size for Administrative Services companies on FundedIQ across 1,897 tracked companies over the last two years.
About FundedIQ's Rain Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Rain is left off this page rather than filled in.
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