Announced

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Prosus led a $75m Series B round in Rain.

Synopsis

Prosus, a global consumer internet group, led a $75m Series B round in Rain, a fintech company providing earned wage access solutions, with participation from Nextalia Ventures, Spark Growth Ventures, QED and Invus Opportunities. “Rain is building the employee engagement app of the future centered around financial wellness. Rain makes it easy for employers to give their employees the freedom to access and manage their earnings on their own terms. Thanks to the support from Prosus, Nextalia and other investors participating in this round, Rain is in a strong position to scale to thousands of new employers and millions of new employees across the U.S.,” Alex Bradford, Rain Co-Founder and CEO.

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