{"id":2420,"date":"2023-03-24T18:24:08","date_gmt":"2023-03-24T18:24:08","guid":{"rendered":"https:\/\/founderlodge.com\/latest-news\/?p=2420"},"modified":"2023-03-24T18:24:11","modified_gmt":"2023-03-24T18:24:11","slug":"rain-raises-115-million-in-funding-to-help-end-predatory-financial-products","status":"publish","type":"post","link":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/","title":{"rendered":"Rain Raises $115 Million in Funding to Help End Predatory Financial Products."},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-254.png\" alt=\"\" class=\"wp-image-2421\" width=\"217\" height=\"93\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-254.png 360w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-254-300x129.png 300w\" sizes=\"(max-width: 217px) 100vw, 217px\" \/><\/figure>\n\n\n\n<p>Santa Monica, CA &#8211; <a href=\"https:\/\/www.rainapp.com\/\">Rain<\/a>, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, announced it has raised $115 million in funding. The round was led by <a href=\"https:\/\/www.qedinvestors.com\/\">QED Investors<\/a> with participation from <a href=\"https:\/\/www.invus.com\/invus-opportunities\/\">Invus Opportunities<\/a> and other investors.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-262.png\" alt=\"\" class=\"wp-image-2425\" width=\"770\" height=\"601\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-262.png 969w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-262-300x234.png 300w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-262-768x599.png 768w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<p>Founded by Alex Bradford and headquartered in Santa Monica, California, Rain is on a mission to regrow individual freedom by giving people control over their income and finances. The company is killing predatory financial products like payday loans and overdraft fees. Last year, according to the FDIC, Americans spent $170B while waiting for their next paycheck due to fees from payday loans, credit cards, overdrafts and low balances. 63% of Americans who are living paycheck-to-paycheck are stuck in this debt trap and could benefit from early wage access Rain provides.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-263.png\" alt=\"\" class=\"wp-image-2426\" width=\"567\" height=\"1008\" srcset=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-263.png 422w, https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-263-169x300.png 169w\" sizes=\"(max-width: 567px) 100vw, 567px\" \/><\/figure>\n\n\n\n<p>\u201cWe\u2019re thrilled with our recent success raising additional capital from such prestigious investors,&#8221; said <a href=\"https:\/\/www.linkedin.com\/in\/alex-bradford\/\">Alex Bradford<\/a>, Co-Founder &amp; CEO of Rain. &#8220;This new investment will allow us to continue our progress towards ending predatory financial products like payday loans that have long been an issue for American workers.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Santa Monica, CA &#8211; Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, announced it has raised $115 million in funding. The round was led by QED Investors with participation from Invus Opportunities and other investors. Founded by Alex Bradford and headquartered in Santa [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":2428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rain Raises $115 Million in Funding to Help End Predatory Financial Products. - Founder Lodge Latest News Rain Raises $115 Million in Funding to Help End Predatory Financial Products.<\/title>\n<meta name=\"description\" content=\"Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, announced it has raised $115 million in funding. The round was led by QED Investors with participation from Invus Opportunities and other investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rain Raises $115 Million in Funding to Help End Predatory Financial Products. - Founder Lodge Latest News Rain Raises $115 Million in Funding to Help End Predatory Financial Products.\" \/>\n<meta property=\"og:description\" content=\"Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, announced it has raised $115 million in funding. The round was led by QED Investors with participation from Invus Opportunities and other investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/\" \/>\n<meta property=\"og:site_name\" content=\"Founder Lodge Latest News\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-24T18:24:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-24T18:24:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-265.png\" \/>\n\t<meta property=\"og:image:width\" content=\"677\" \/>\n\t<meta property=\"og:image:height\" content=\"805\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"ucheezuma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ucheezuma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/\"},\"author\":{\"name\":\"ucheezuma\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#\/schema\/person\/2854d3c2f2bb3f7ff9ae13c649048af3\"},\"headline\":\"Rain Raises $115 Million in Funding to Help End Predatory Financial Products.\",\"datePublished\":\"2023-03-24T18:24:08+00:00\",\"dateModified\":\"2023-03-24T18:24:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/\"},\"wordCount\":195,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#organization\"},\"articleSection\":[\"Daily Startup Funding News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/\",\"url\":\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/\",\"name\":\"Rain Raises $115 Million in Funding to Help End Predatory Financial Products. - Founder Lodge Latest News Rain Raises $115 Million in Funding to Help End Predatory Financial Products.\",\"isPartOf\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#website\"},\"datePublished\":\"2023-03-24T18:24:08+00:00\",\"dateModified\":\"2023-03-24T18:24:11+00:00\",\"description\":\"Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, announced it has raised $115 million in funding. The round was led by QED Investors with participation from Invus Opportunities and other investors.\",\"breadcrumb\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/founderlodge.com\/latest-news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rain Raises $115 Million in Funding to Help End Predatory Financial Products.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#website\",\"url\":\"https:\/\/founderlodge.com\/latest-news\/\",\"name\":\"Founder Lodge Latest News\",\"description\":\"Get the latest updates on funding rounds and investment news for startups and businesses. Stay informed on capital raising trends and who&#039;s raising capital.\",\"publisher\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/founderlodge.com\/latest-news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#organization\",\"name\":\"Founder Lodge\",\"url\":\"https:\/\/founderlodge.com\/latest-news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#\/schema\/logo\/image\/\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"Founder Lodge\"},\"image\":{\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#\/schema\/person\/2854d3c2f2bb3f7ff9ae13c649048af3\",\"name\":\"ucheezuma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/founderlodge.com\/latest-news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ff09ab70d3a1229d484147623818e0af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ff09ab70d3a1229d484147623818e0af?s=96&d=mm&r=g\",\"caption\":\"ucheezuma\"},\"url\":\"https:\/\/founderlodge.com\/latest-news\/author\/ucheezuma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rain Raises $115 Million in Funding to Help End Predatory Financial Products. - Founder Lodge Latest News Rain Raises $115 Million in Funding to Help End Predatory Financial Products.","description":"Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, announced it has raised $115 million in funding. The round was led by QED Investors with participation from Invus Opportunities and other investors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/","og_locale":"en_US","og_type":"article","og_title":"Rain Raises $115 Million in Funding to Help End Predatory Financial Products. - Founder Lodge Latest News Rain Raises $115 Million in Funding to Help End Predatory Financial Products.","og_description":"Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, announced it has raised $115 million in funding. The round was led by QED Investors with participation from Invus Opportunities and other investors.","og_url":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/","og_site_name":"Founder Lodge Latest News","article_published_time":"2023-03-24T18:24:08+00:00","article_modified_time":"2023-03-24T18:24:11+00:00","og_image":[{"width":677,"height":805,"url":"https:\/\/founderlodge.com\/latest-news\/wp-content\/uploads\/2023\/03\/image-265.png","type":"image\/png"}],"author":"ucheezuma","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ucheezuma","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/#article","isPartOf":{"@id":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/"},"author":{"name":"ucheezuma","@id":"https:\/\/founderlodge.com\/latest-news\/#\/schema\/person\/2854d3c2f2bb3f7ff9ae13c649048af3"},"headline":"Rain Raises $115 Million in Funding to Help End Predatory Financial Products.","datePublished":"2023-03-24T18:24:08+00:00","dateModified":"2023-03-24T18:24:11+00:00","mainEntityOfPage":{"@id":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/"},"wordCount":195,"commentCount":0,"publisher":{"@id":"https:\/\/founderlodge.com\/latest-news\/#organization"},"articleSection":["Daily Startup Funding News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/","url":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/","name":"Rain Raises $115 Million in Funding to Help End Predatory Financial Products. - Founder Lodge Latest News Rain Raises $115 Million in Funding to Help End Predatory Financial Products.","isPartOf":{"@id":"https:\/\/founderlodge.com\/latest-news\/#website"},"datePublished":"2023-03-24T18:24:08+00:00","dateModified":"2023-03-24T18:24:11+00:00","description":"Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, Santa Monica, CA - Rain, a financial services platform providing employers a benefit that can be offered to employees to access their earned wages, announced it has raised $115 million in funding. The round was led by QED Investors with participation from Invus Opportunities and other investors.","breadcrumb":{"@id":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/founderlodge.com\/latest-news\/rain-raises-115-million-in-funding-to-help-end-predatory-financial-products\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/founderlodge.com\/latest-news\/"},{"@type":"ListItem","position":2,"name":"Rain Raises $115 Million in Funding to Help End Predatory Financial Products."}]},{"@type":"WebSite","@id":"https:\/\/founderlodge.com\/latest-news\/#website","url":"https:\/\/founderlodge.com\/latest-news\/","name":"Founder Lodge Latest News","description":"Get the latest updates on funding rounds and investment news for startups and businesses. Stay informed on capital raising trends and who&#039;s raising capital.","publisher":{"@id":"https:\/\/founderlodge.com\/latest-news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/founderlodge.com\/latest-news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/founderlodge.com\/latest-news\/#organization","name":"Founder Lodge","url":"https:\/\/founderlodge.com\/latest-news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/founderlodge.com\/latest-news\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Founder Lodge"},"image":{"@id":"https:\/\/founderlodge.com\/latest-news\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/founderlodge.com\/latest-news\/#\/schema\/person\/2854d3c2f2bb3f7ff9ae13c649048af3","name":"ucheezuma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/founderlodge.com\/latest-news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ff09ab70d3a1229d484147623818e0af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ff09ab70d3a1229d484147623818e0af?s=96&d=mm&r=g","caption":"ucheezuma"},"url":"https:\/\/founderlodge.com\/latest-news\/author\/ucheezuma\/"}]}},"_links":{"self":[{"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/posts\/2420"}],"collection":[{"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/comments?post=2420"}],"version-history":[{"count":1,"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/posts\/2420\/revisions"}],"predecessor-version":[{"id":2429,"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/posts\/2420\/revisions\/2429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/media\/2428"}],"wp:attachment":[{"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/media?parent=2420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/categories?post=2420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/founderlodge.com\/latest-news\/wp-json\/wp\/v2\/tags?post=2420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}