Rain is a four-year-old company that uses technology to advance employees, typically hourly workers, their wages shortly after a shift ends so they don’t have to wait for payday to have cash on hand. The Los Angeles-based business says it secured a $250 million valuation through a $116 million funding round made up of $66 million in equity and $50 million in debt.
The raise was led by fintech-focused venture capital firm QED
QED
TRIBE2
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased