Rain Raises $75M in Series B
Rain has successfully raised $75M in a Series B at a $340M valuation led by WestCap, 8VC.
Company Overview
Rain is a FinTech company headquartered in Los Angeles, CA, founded in 2019 with 150+ employees.
Employer-integrated earned wage access application
Fundraising Details
- Amount Raised: $75M
- Round Type: Series B
- Valuation: $340M
- Date: 2025-01-24
- Investors: WestCap, 8VC
About Rain
Employer-integrated earned wage access application The company is positioned in the FinTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Los Angeles, CA
- Founded: 2019
- Team Size: 150+
- Industry: FinTech
What This Means
This funding round demonstrates strong investor confidence in Rain's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FinTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Rain's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $340M valuation marks an important milestone for Rain, positioning the company among notable players in the FinTech industry.
Looking Ahead
With this new capital, Rain is well-positioned to execute on its growth strategy and continue building innovative solutions in the FinTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2025-01-24. For more information about Rain, visit their headquarters at Los Angeles, CA.
