FinTech and HRTech Startup Rain Raised $116 Million
📸Rain, the financial health app for employees founded in 2019 by Alex Bradford, Gilberto Garcia, and Jennifer Terrell, has raised $116 million in a Series A round of funding. Based on Crunchbase data, this was the largest Series A round in HRTech history.
🔀Rain, which allows employees to access their salaries shortly after completing their shifts instead of waiting for payday, collected $60 million of the financing as equity and $50 million as debt. The investment round was participated in by QED Investors, Invus Opportunities, WndrCo, Tribe Capital, and DreamersVC. Sound Point Capital Management provided the debt.
📢At the link below, you will discover the story of Rain, which is preferred by companies such as Hilton, Marriott, McDonald’s, Burger King, and Taco Bell and helps reduce employee turnover.
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