Los Angeles-based fintech startup Rain has successfully raised $75 million in a Series B funding round led by Prosus, achieving a valuation of $340 million. The funds will be utilized to introduce credit card and savings products, enhancing their earned wage access (EWA) app, which already serves over 2.5 million employees. Rain aims to differentiate itself in a competitive market by offering financial wellness features like coaching and tax services. The startup plans to launch an EWA-secured credit card and expand its offerings to include Health Saving Accounts and savings accounts later this year.