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Rain raises $24.5 million in funding round led by Norwest Venture Partners

Mar 24, 2025•about 1 year ago

Contract Type

partnership

NashvilleFinanceFintech

Description

Rain has raised $24.5 million in a funding round led by Norwest Venture Partners. The company plans to use the investment to expand customer access to stablecoins and to continue its global expansion. Rain also announced a partnership with the Avalanche Foundation to launch a Visa card that enables customers to make payments using their AVAX tokens and stablecoins like USDC and USDT at any store that accepts Visa.

Company Information

Company

Rain

Location

Nashville, Tennessee, United States

About

Rain is the trusted leader in employee-centric financial wellness solutions, serving middle-market and enterprise organizations nationwide. Through a comprehensive suite of offerings, including earned wage access and an array of financial wellness benefits, Rain seamlessly integrates into any organization's existing infrastructure, providing the flexibility essential for effective financial management. And, with a steadfast mission to eliminate payday loans and predatory financial products, Rain champions individual empowerment, giving employees control over their income and financial futures.

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Partnership agreements typically involve technology integration and joint go-to-market strategies
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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.