<div>
  <ul>
    <li>
      <p>
        Rain, a financial wellness platform providing payday loans, income streaming, and other financial support services, has raised USD 116 million in Series A funding comprising USD 66 million in equity capital and USD 50 million in debt, led by QED Investors and Invus Opportunities, with participation from WndrCo, Tribe Capital, Dreamers VC, and others. Rain&rsquo;s total funding now stands at USD 128.6 million.&nbsp;
      </p>
    </li>
    <li>
      <p>
        The company intends to utilize the funds to improve its platform and broaden its product offering, including allowing employers to offer employees this with earned wage access (EWA).
      </p>
    </li>
    <li>
      <p>
        Founded in 2019, Rain operates a financial wellness platform that integrates with employers&rsquo; payroll and timekeeping software to provide financial support services such as payday loans, income steaming, etc.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20230321005258/en/Rain-Instant-Pay-Closes-Historic-Funding">
      Company press release
    </a>
  </p>
  <p>
    <a href="https://www.pymnts.com/payroll/2023/rain-raises-record-116-million-for-earned-wage-access-platform/">
      PYMNTs
    </a>
  </p>
  <p>
    <a href="https://www.finsmes.com/2023/03/rain-raises-116m-in-funding.html">
      FinSMEs
    </a>
  </p>
  <p>
  </p>
</div>


Financial Wellness Tools

Rain raises USD 116 million in Series A funding

Candidly raises USD 20.5 million in Series B funding

Highway Benefits raises USD 3.1 million in seed funding

DailyPay raises USD 260 million in funding

Anyfin raises EUR 30 million in Series C funding

Pocketnest extends seed round with additional USD 2.6 million

JP Morgan Chase launches financial coaching tool ‘Wealth Plan’

Brightside raises USD 33 million in Series B funding

Plum raises over GBP 1 million in crowdfunding

Northstar raises USD 24.4 million in funding

LearnLux raises USD 10 million in Series A funding

Tapcheck raises USD 20 million in Series A funding

Morgan Stanley at Work acquires American Financial Systems to expand its workplace offerings

Cleo raises USD 80 million in funding

Fruitful emerges from stealth with USD 33 million in funding

Wagestream raises USD 175 million in Series C funding

Paperwork raises USD 2.5 million in seed funding

Walmart-backed Hazel acquires Even to build a financial services super app

Pocketnest raises USD 1.95 million in seed funding

Rocket Companies acquires Truebill for USD 1.3 billion to expand platform capabilities

Moneytree Software acquires eFinPlan to create financial planning and education hub

Oportun acquires Digit for USD 213 million to broaden product offering

Plum raises USD 14 million in Series A funding

HoneyBee secures USD 105.7 million in equity and debt funding

Origin raises USD 56 million Series B at USD 400 million valuation

OneEleven raises an undisclosed amount

OfColor receives seed investment from PSG

Instant Financial’s client base soars 33%; onboards multiple C-level executives in H1 2020

Instant Financial receives undisclosed investment from InComm

Monthly Wrap - June 2021

All Updates