When was Rain founded?

Rain was founded in 2002 and raised its 1st funding round 20 years after it was founded.

Where is Rain located?

Rain is headquartered in Venice, United States.

Who is the current CEO of Rain?

Alex Bradford and Akbar Khan s of Rain. Alex Bradford has also founded 2 companies.

How many employees does Rain have?

As of Mar 31, 2026, the latest employee count at Rain is 335.

Is Rain a funded company?

Rain is a funded company, having raised a total of $164M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2022.

How much is Rain worth?

The latest valuation of Rain is $***** as of Apr 08, 2025.

When was the latest funding round of Rain?

Rain's latest funding was a $***** Series B round on Apr 08, 2025, with participation from 5 investors.

Where does Rain rank among its competitors?

Rain ranks 2nd amongst 27 active competitors, of which 14 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was DailyPay, which secured $200M in Feb, 2026.

Who are the top competitors of Rain?

Rain's top competitors include DailyPay, Earnin and Clair. Among them, DailyPay secured the most recent funding round in February, 2026.

Rain - 2026 Company Profile, Team, Funding & Competitors

Rain is a series B company based in Venice (United States), founded in 2002 by Alex Bradford, Akbar Khan and Gilberto Garcia. It operates as a Provider of a platform offering payday loans. Rain has raised $164M in funding from investors like QED Investors, Invus and Prosus, with a current valuation of $*****. The company has 27 active competitors, including 14 that are funded. Its top competitors include companies like DailyPay, Earnin and Clair.

Company Details

Website: www.rainapp.com/
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Key Metrics

Founded Year

2002

Location

Venice, United States

Stage

Series B

Total Funding

$164M in 6 rounds

Latest Funding Round

Series B, Apr 08, 2025, $*****

Post Money Valuation

$***** as on Apr 08, 2025

Investors

QED Investors & 30 more

Ranked

2^nd among 27 active competitors

Employee Count

335 as on Mar 31, 2026

Similar Companies

Payflow & 164 more

View Rain's full profile

Rain is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RAINPAY INDIA PRIVATE LIMITED CIN: U74140KA2020FTC142026 , India, Active	Dec 09, 2020	$343K (As on Mar 31, 2025)	-
Rain Technologies Inc CIN: 7479345 , United States, Active	Mar 29, 2004	-	86 (As on Dec 31, 2022)	-
Rain Technologies Inc. CIN: 15385563 , Canada, Active	Oct 01, 2023	-	-	-

Rain has raised a total funding of $164M over 6 rounds. Its first funding round was on 2022. Its latest funding round was a Series B round on Apr 08, 2025 for $*****. 5 investors participated in its latest round. Rain has 30 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Rain:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 08, 2025	7270946	Series B	2530620	2333880	6344119	3012970
Feb 10, 2025	5472084	Series A	4900709	5671037	7232608	2329136
Feb 06, 2024	1475879	Conventional Debt	3966051	3617009	1169440	Clear Haven Capital Management

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View details of Rain's funding rounds and investors

The founders of Rain are Alex Bradford, Akbar Khan and Gilberto Garcia. Alex Bradford is the CEO of Rain.

Here are the details of Rain's key team members:

Alex Bradford: Co-Founder & CEO of Rain and founder of 2 other companies, Rain and Mosaic. They serve on the board of 1 company.
Akbar Khan: Former Co-Founder & CEO of Rain.
Gilberto Garcia: Co-Founder / CTO / CAO of Rain.

Rain's Board of Directors

Rain's board has 6 active members. Alex Bradford, Andreas Penna, Thomas Scanlon, Aaron Wang, Adams Conrad and David Kahane are independent board members.

Here is the list of Rain's board of directors:

Name	Type	Representing	Status	Duration
Alex Bradford	Independent board member	-	Current	1y 1m
tnlczls	Independent board member	-	Current	2y 5m
eotgssb	Independent board member	-	Current	3y 6m
uodtjyf	Independent board member	-	Current	5y 3m
sxgrykk	Independent board member	-	Current	9y 7m
nhfhtgg	Independent board member	-	Current	8y 6m

View details of Rain's Founder profiles and Board Members

Rain's employee count trend

Rain has 335 employees as of Mar 26. Here is Rain's employee count trend over the years:

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Top competitors of Rain include DailyPay, Earnin and Clair. Here is the list of Top 10 competitors of Rain, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	DailyPay 2015, New York City (United States), Series D	Developer of an online platform for employee financial benefits	$264M	Carrick Capital Partners, Intercept Ventures ... & 46 others	76/100
2nd	Rain 2002, Venice (United States), Series B	Provider of a platform offering payday loans	$164M	Prosus, Invus & 29 others	74/100
3rd	Earnin 2012, Palo Alto (United States), Series C	Provider of a platform for accessing earned wages and financial tools	$190M	March Capital, Felicis Ventures & 14 others	72/100
4th	Clair 2019, New York City (United States), Series B	Cloud-based employee benefits platform for on-demand pay	$67.7M	Thrive Capital, Upfront Ventures & 8 others	70/100
5th	PayActiv 2012, San Jose (United States), Series C	Platform providng prepaid corporate cards for employee benefit	$134M	Eldridge Industries, Generation Partners & 6 others	69/100
6th	Tapcheck 2011, Tarzana (United States), Series A	Online platform offering employee on-demand pay benefits	$83M	PeakSpan Capital, FIS & 1 others	68/100
7th	Branch 2015, Minneapolis (United States), Series C	Provider of an app-based platform for earned wages loans	$138M	Addition, March Capital & 18 others	59/100
8th	HoneyBee 2015, San Francisco (United States), Series A	Online platform for earned wages	$5.7M	ff Venture Capital, Financial Solutions Lab ... & 12 others	49/100
9th	FlexWage 2009, Mountainside (United States), Series A	Short term capital solutions and payroll card solutions provider	$3.5M	-	44/100
10th	Keeper 2022, Brooklyn (United States), Unfunded	Cloud-based financial benefits platform for on demand pay	-	-	42/100