Koos Bekker's Prosus Backs Rain's 75 Million Funding Round
Prosus backs Rains Series B funding to scale its earned wage access platform and support financial wellness for workers.
New funding highlights the rising demand for platforms helping employees manage finances and improve workforce engagement.
Prosuss backing helps Rain expand U.S. operations, providing employers and employees with tools for financial flexibility and productivity.
Prosus N.V., the global internet group chaired by South African billionaire Koos Bekker, has backed Rain, a fast-growing earned wage access EWA and financial wellness platform, in a 75 million Series B funding round. This marks another step in Prosuss ongoing effort to support tech solutions that meet the evolving needs of workers around the world.
The round was led by Prosus and included participation from new and existing investors such as Nextalia Ventures, Spark Growth Ventures, QED, and Invus Opportunities. It highlights growing interest in platforms that help employees better manage their finances, while offering employers tools to boost workforce engagement.
With a history of backing transformative tech companiesfrom Flipkart to OLX to iFoodProsus has built a reputation for investing in platforms that improve lives through convenience, access, and empowerment. The move to support Rain fits squarely into that approach, especially as financial flexibility becomes a top concern for todays workers.
Prosus backs Rains U.S. expansionThe funding will allow Rain to scale its operations, grow its customer base, and roll out more tools that help workers access their earnings when they need them, without waiting for payday. The company aims to serve both employers and employees with solutions that reduce financial stress and improve productivity.
Ali Esfahani, Head of Americas Investments at Prosus, noted the changing relationship between work and personal life. Financial flexibility is becoming essential, he said. Rain is meeting this need in a way that supports workers and helps businesses thrive. We're proud to back their continued growth.