Today, we announced our new partnership with Rain, a financial wellness benefits provider that helps companies give employees greater control over their finances. We will power the Rain Card, a branded debit card that will enable employers to disburse earned wages onto the cards seamlessly. Through this strategic partnership, we have the ability to scale our early wage access offerings to more employers across diverse sectors of the economy such as healthcare, education and hospitality.
Offering employees quicker access to their hard earned wages enables them to reduce their reliance on credit, pay their bills on time, and better manage their finances, helping to foster a more satisfied and engaged workforce. With our modern platform and embedded finance capabilities, Rain can seamlessly integrate the Rain Card into its customer experience, allowing employers to distribute Marqeta-powered debit cards that provide workers early access to their earned wages.
"We are thrilled to partner with Marqeta and its world-class team and modern tech stack," said Alex Bradford, Chief Executive Officer of Rain. "Rain's mission is to empower millions of workers to reach financial freedom. Marqeta will be a critical partner as we launch new products that enable our users to access their wages faster and more economically and that help them grow their cash flow and savings."
Rain’s customers include global brands such as Hilton, McDonald’s, Arby’s and Subway and span various industries beyond restaurants and hospitality, including healthcare, retail, school systems and non-profits. As paycheck flexibility becomes an increasingly popular expectation from employees, companies that are more turnover prone will benefit from solutions that expedite employee payments. Faster wage solutions provide the flexibility workers crave, leading to a more engaged and loyal workforce and helping to reduce overhead recruitment and training costs for businesses.
With our comprehensive card issuing platform, Rain can expand its offerings into secured and unsecured credit card solutions and more diverse employee rewards. Learn more about Marqeta’s platform here.
