Los Angeles -based Rain raised a series of $ 75 million in another good technology sign

Rain, an emerging company that provides the Agessed Age Age (EWA) application for employers as well as the financial focus features such as open -up withdrawals and spending trends, raised $ 75 million in a tour of all property rights B.

The PROSUS tour led post -money evaluation of $ 340 million. Rain plans to use new funds to help her add credit card and provide products to her list, the CEO of the co -founder Alex Bradford, says Techcrunch exclusively.

About 35 % of families in the United States with less annual income a report (PDF) by Bank of America published in October.

The salary population rises to age with age and can be anywhere in the United States, although this report indicates that it is higher in the south. It can be difficult to wait for salaries every two weeks when bills are on any day of the month.

EWA platforms allow employees to obtain a portion of their salaries early with symbolic fees and can be less predatory than other GET-LASH-NOW styles, Like high -interest payment day loans.

rain It aims to distinguish between its existence and attract employers who want to help employees reach the wages acquired between their salaries with automation.

Bradford said: “Since we are connected to all the systems of the main salaries and time, and we have built automatic tools that make it very easy for us to be on the employers, there is the minimum manual work for employers through mobility, and once we go directly, there is hardly any daily or paid work for them.”

It says that the Los Angeles -based emerging company, which was established in 2019, has made more than 2.5 million employees and distributed more than two billion dollars in acquired wages. The rain application says it helps employers to keep employees as well.

Rain targets market customers in the middle of the market and institutions with more than 300 employees. It receives fees equivalent to ATM fees, at a rate of about $ 3 per transaction, for immediate treatment. However, employees can also use the free Ach option, which is attributed to their account until the next business day.

However, startup does not want to be another EWA application in the crowded market. Bradford says it already provides the financial education portal, individual financial training, free tax deposit service and money recovery through the tax solution provider in April.

Such services that exceed EWA already represent 70 % of the monthly adoption rate, says Bradford, with EWA by 30 %.

“For us, what seems to be successful over time is that the user needs less and less because they now provide more and more,” said Bradford.

Series financing B, which has witnessed the participation of Nextalia Ventures and Spark Growth Ventures, and current investors in Rain, including QED, Invus, and others, will help starting to expand beyond the simple EWA application.

In the third quarter, startup plans to launch an EWA credit card with a dynamic credit limit based on the verified wages verified by employer salaries systems.

The startup also works on a product to be launched later this year, making it easier for employees to use the HSA account by allowing them to spend on any card and compensation. Moreover, savings accounts will bring later this year with features that include automatic and bonuses.

Rain financing comes amid signs of a more suitable environment for the technology ecosystems that have seen almost fixed growth in recent years. Money including Capital More money collects, while startups including EngravedAlthough raised a decent round of $ 575 million, it saw a decrease in its evaluation-which indicates a mixed environment in Fintech.

Project financing in Fintech global companies decreased by 45 % on an annual basis to $ 50 billion in 2023, with a similar financing level last year, for all Pitchbook data that is shared with Techcrunch. In 2025 until now, $ 13.1 billion was raised by international start -up companies. However, the average size of the deal increased by 20 % on an annual basis to 21.94 million dollars from $ 18.27 million in 2024. specifically in the EWA area, adventure financing also increased by 19 % on an annual basis to $ 569 million last year.

Unlike the integrated platforms of employers such as Rain, EWA platforms faced by employees such as Ronin A campaign from the alleged “predatory” loans During the past few months. The rain approach to enabling savings and financial awareness, as well as providing EWA by the employer with automated features, helps to do so.

“Building a more comprehensive platform for financial wellness products will help us to certainly realize our mission, which in the end is to help millions of people reach financial freedom,” Bradford said.

Startup, which includes 175 employees, expands the market range by creating a sales and investment team to empower sales and market channel partnerships. It also plans to invest more tools to add more comfort to employers who manage their services.

In 2023, the rain raised a $ 116 million financing round, which includes $ 66 million in shares and $ 50 million in debt.