Rain Secures $300 Million in Financing from Clear Haven Capital Management to Expand Innovative Financial Wellness Solutions
Rain Secures $300 Million in Financing from Clear Haven Capital Management to Expand Innovative Financial Wellness Solutions
02/06/24, 3:02 PM
Location
nashvilleMoney raised
$300 million
Industry
fintech
financial services
Investors
Clear Haven Capital Management
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 Info
Location
nashville, tennessee, united states
Additional Info
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.