Los Angeles-based Rain raised a $75M Series B in another good sign for fintech | TechCrunch
Rain, a startup offering an employer-integrated earned wage access (EWA) app coupled with financial-wellness features like overdraft alerts and spending trends, has raised $75 million in an all-equity Series B round.
The round was led by Prosus at a post-money valuation of $340 million. Rain plans to use the new funds to help it add credit card and saving products to its roster, co-founder CEO Alex Bradford, exclusively tells TechCrunch.
Around 35% of households in the U.S. with an annual income...
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