Rain Secures $300 Million in Financing from Clear Haven Capital Management to Expand Innovative Financial Wellness Solutions

Feb 06, 2024•almost 2 years ago

Amount Raised

$300 Million

NashvilleFinanceFintech

Investors

Clear Haven Capital Management

Description

Rain, the financial wellness platform that helps companies give employees greater control over their finances, announced today it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility. With this new funding, Rain now has more capital to service its growing customer base, allowing it to provide employees an easy way to access their earned wages in real-time, driving increased retention, job applications, and employee engagement.

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.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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