Case Study: Fiesta Holdings reduces payday loan dependency with Rain

Fiesta Holdings reduces turnover 96% with Rain

Fiesta Holdings, a multi-unit Taco Bell franchisee, faced a significant challenge with payday lenders trapping its 800 employees in cycles of debt. This issue led to increased stress, absenteeism, and high turnover. To combat this, the company partnered with vendor Rain to implement its Earned Wage Access (EWA) solution as a safe financial alternative for its workforce.

Rain provided a platform that allowed employees to access their earned wages before payday, eliminating the need for high-interest loans. The implementation was supported by dedicated management and a comprehensive change program. The results were substantial, with 73% of employees activating Rain accounts. Users experienced a 96% lower turnover rate and worked over 40 more hours per month, demonstrating a major positive impact from the Rain solution.

Fiesta Holdings