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 Jun 30, 2026, the latest employee count at Rain is 349.

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. Its primary sector is HRTech. In United States, the HRTech sector has seen $974M in funding in 2026 to date.

Where does Rain rank among its competitors?

Rain ranks 4th amongst 29 active competitors, of which 14 are funded. It stands 4th 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 Stream, Earnin and DailyPay. 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 and Akbar Khan. 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 29 active competitors, including 14 funded and 1 that has exited. Its top competitors include companies like Stream, Earnin and DailyPay.

Company Details

Website: www.rainapp.com/
Social

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 & 32 more

Ranked

4^th among 29 active competitors

Employee Count

349 as on Jun 30, 2026

Similar Companies

Stream & 171 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	0 - ₹10 Cr (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 32 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	4399770	Series B	2953378	4694967	8470288	5922861
Feb 10, 2025	4831695	Series A	7915303	7379588	6475266	7089709
Feb 06, 2024	6233026	Conventional Debt	2310896	4066810	2712280	Clear Haven Capital Management

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View details of Rain's funding rounds and investors

The founders of Rain are Alex Bradford and Akbar Khan. 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.

Rain's Board of Directors

Rain's board has 6 active members. Alex Bradford, David Kahane, Thomas Scanlon, Aaron Wang, Adams Conrad and Andreas Penna 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 4m
nxnu{nm	Independent board member	-	Current	2y 8m
{{wstn{	Independent board member	-	Current	8y 9m
sdkrdsl	Independent board member	-	Current	2y 8m
aidbind	Independent board member	-	Current	2y 8m
rwh{pwz	Independent board member	-	Current	9y 5m

View details of Rain's Founder profiles and Board Members

Rain's employee count trend

Rain has 349 employees as of Jun 26. Here is Rain's employee count trend over the years:

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Top competitors of Rain include Stream, Earnin and DailyPay. 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	Stream 2018, Arlington (United States), Acquired	Workplace financial wellbeing platform that provides employees with tools to access earned wages	$228M	Northzone, QED Investors & 52 others	78/100
2nd	Earnin 2012, Palo Alto (United States), Series C	Provider of a platform for accessing earned wages and financial tools	$190M	Spark Capital, DST Global & 16 others	76/100
3rd	DailyPay 2015, New York City (United States), Series D	Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand	$264M	Carrick Capital Partners, Intercept Ventures ... & 47 others	75/100
4th	Rain 2002, Venice (United States), Series B	Provider of a platform offering payday loans	$164M	Prosus, QED Investors & 31 others	74/100
5th	Clair 2019, New York City (United States), Series B	Cloud-based employee benefits platform for on-demand pay	$67.7M	Thrive Capital, Upfront Ventures & 9 others	69/100
6th	PayActiv 2012, San Jose (United States), Series C	Platform providng prepaid corporate cards for employee benefit	$134M	Generation Partners, Eldridge Industries & 6 others	67/100
7th	Tapcheck 2011, Tarzana (United States), Series A	Online platform offering employee on-demand pay benefits	$83M	PeakSpan Capital, FIS & 1 others	67/100
8th	Branch 2015, Minneapolis (United States), Series C	Provider of an app-based platform for earned wages loans	$138M	Addition, March Capital & 18 others	58/100
9th	HoneyBee 2015, San Francisco (United States), Series A	Online platform for earned wages	$5.7M	ff Venture Capital, Actions Capital & 12 others	48/100
10th	FlexWage 2009, Mountainside (United States), Series A	Short term capital solutions and payroll card solutions provider	$3.5M	-	45/100