Rain has distributed one billion dollars worth of wage advances since its inception in 2019, the company said. Its corporate clientele includes employers such as the hotel chains Hilton and Marriott, fast-food giant McDonald’s and the sandwich shop Subway, the release said. It also noted having customers in the healthcare, retail and education sectors, without providing names.

Workers whose employers offer Rain’s services can access up to half of their paychecks ahead of payday, the Rain spokesperson said.

The two companies began working together in June, and Workday also has ties to other EWA providers, the spokesperson said.

A proliferation of earned wage access providers has drawn the attention of the Consumer Financial Protection Bureau, which is concerned about whether employees know the costs associated with EWA services. That federal agency has proposed subjecting some EWA services that charge fees to lending laws.

As workers cope with the lingering impact of rising inflation, Rain is promoting its services as a retention tool for employers and a less expensive alternative to payday loans and credit cards.

Meanwhile, credit card debt climbed to $1.14 trillion as of the second quarter, according to data from the Federal Reserve Bank of New York’s Center for Microeconomic Data. However, inflation is beginning to cool. The consumer price index rose 2.5% as of August over the past 12 months, the smallest increase since February 2021, according to the Bureau of Labor Statistics.

“As workers continue to face challenges posed by the limitations of traditional pay cycles, we are looking forward to providing them with much-needed flexibility and relief,” Rain CEO Alex Bradford said in the release.

Earlier this year, Bradford said in an interview that the company is seeking additional capital to grow the business. The company received $300 million in debt financing from Clear Haven Capital Management in February. It also raised $116 million in financial support last year, including $66 million in equity financing and $50 million of debt financing.