Rain operates an earned wage access platform that integrates with employers’ payroll and timekeeping software. It provides a debit card for instant transfer of funds.
The platform offers its services free to employers who provide financial wellness benefits for their employees as a voluntary benefit and makes money through transaction fees.
Key customers and partnerships
As of end 2023, Rain has surpassed the milestone of USD 1 billion in earned wage payments and onboarded 1.7 million employees during the year. Its notable customers include Hilton, Marriott, McDonald’s, Burger King, and Taco Bell.
In April 2024, the company partnered with Marqeta to offer its branded debit card.
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