Rain, a provider of earned wage access (EWA) solutions, this week announced the launch of a new integration with HR, payroll and spend management platform, Paylocity. Paylocity clients will now have access to a streamlined earned wage access solution directly through the company’s integrations marketplace.
This new bi-directional integration enables the employees of Paylocity customers to join more than 3.5 million workers who have used Rain to reduce reliance on predatory financial products and ease financial strain between paychecks.
According to the Financial Health Pulse 2024 U.S. Trends Report, 70% of American households are experiencing worsening day-to-day financial realities and are currently considered financially unhealthy. As employers work to retain talent, they are seeking new benefits, like earned wage access, to help ease financial burdens for their workforce. Rain’s earned wage access solution, now seamlessly integrated with Paylocity’s payroll platform, provides companies with a proven tool to help employees access their earned wages when needed most.
This partnership follows Rain’s $75 million Series B financing and marks strategic growth for the financial wellness space.