US Employers Are Rapidly Adopting Earned Wage Access solutions

Earned Wage Access, also known as EWA or on-demand pay, has rapidly become one of the highest adopted benefits across industries with a high population of hourly workers.
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Rain is thrilled to announce that we have closed $116M in the largest Series A funding in HR technology history! This huge milestone will support Rain’s expansion through investments in technology and infrastructure, the employee and employer experience, and marketing.

With Rain, employees can advance a portion of their upcoming paycheck early, rather than waiting for payday. As an Earned Wage Access provider, Rain bridges the gap between paydays while helping employers decrease turnover, increase productivity, and boost job applicants.

Thank you QED Investors and Invus Opportunities for leading the Series A participation, and thank you to WndrCo, Tribe Capital, Dreamers VC, Sound Point Capital Management, LP, Lightspeed, Pay It Forward Venture Capital, Ethos VC, Ensemble VC, West Quad Ventures, VentureSouq, Mindset Ventures, Patamar Capital, 14Peaks Capital, Kombo Ventures, Fritz Lanman, Emil Michael, Paul Murphy, and many more for investing in Rain. The future is bright for Rain as we empower financial wellness!

#hrtech #ewa #fintech #earnedwageaccess #seriesa #startup #venturebacked #makeitrain #ondemandpay #QED #invus #wndrco #tribecapital #dreamersvc #soundpoint #financialwellness #app #instantpay #rain

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