Rain, a provider of financial wellness products that empower and engage employees, announced today that it raised $116 million, encompassing $66 million in equity and $50M in debt.

Marqeta, the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced its new partner Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances.

Rain announced today it has secured $300 million in financing from Clear Haven Capital Management for a new credit facility.

Rain, a provider of financial wellness products that empower and engage employees, announced today that it raised $116 million, encompassing $66 million in equity and $50M in debt.

Bradford said that Rain stands apart from its competitors because of its long-term product vision, which includes plans for a comprehensive suite of financial wellness tools, as well as its ability to directly plug into employers’ payroll systems.

TRAC agreed to reveal 30 of the startups its model identified exclusively with Insider, and also pull back the curtain on its methodology.

Rain’s CEO, Alex Bradford recently joined Peter Renton on the Fintech One-on-One Podcast to discuss how Earned Wage Access is transforming the future of workforce financial wellness.