Rain
Finance · Bahrain · 201-500 Employees
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Overview
Headquarters
United Tower 42nd Floor, Manama, Manama,...Website
www.rain.bhRevenue
$84 MillionIndustry
ZI Rank: 1
Signal Type
Dec
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ZI Rank
2
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About Rain
Founded in 2017, Rain is licensed by the Central Bank of Bahrain (CBB) as a Crypto-Asset Brokerage. "The company's mission is to bring cryptocurrency to the Middle East. The company has done this by becoming licensed by the Central Bank of Bahrain and building institutional-grade infrastructure to accept local currencies in Bahrain, Saudi Arabia, United Arab Emirates, Kuwait and Oman." The company revealed that the majority of its cryptocurrency funds are stored offline in its proprietary Cold Storage system.Explore more
Rain Org Chart
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Company Profile Activity
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Rain is experiencing very low activity levels compared to other companies in the Finance sector.
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Rain financials insights
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2021
Series A
$6M
2022
Series B
$110M
Rain Tech Stack
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Rain News & Media
Kleiner Perkins and Paradigm Lead Series B in Bahrain-Based Rain Financial - SWFI
Bahrain-based Rain Financial, Inc. is a licensed cryptocurrency brokerage and custodian servicing the Middle East, Turkey, and North Africa. Rain Financial raised US$ 110 million in Series B funding at a US$ 500 million valuation. Kleiner Perkins and Paradigm co-led, and were joined by Coinbase Ventures, Global Founders Capital, Middle East Venture Partners (MEVP), Cadenza […]Middle Eastern crypto exchange Rain raises $110 million led by Kleiner Perkins and Paradigm
Bahrain-headquartered cryptocurrency exchange Rain has raised $110 million in a Series B round co-led by Kleiner Perkins and Paradigm (the largest crypto fund in the world founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang). It is the first Middle East investment for both the firms. The round is one of the largest investment deals for any startup in the Middle East & North Africa. It also includes participation of CoinbaseRain raises $6 million Series A from MEVP & Coinbase to grow its Middle Eastern cryptocurrency ...
Bahrain-headquartered cryptocurrency exchange Rain has raised $6 million in a Series A round led by Middle East Venture Partners (MEVP), it announced in a statement to MENAbytes today. The round also saw participation of different new and existing investors including Coinbase which is the largest cryptocurrency platform in the United States (and filed last month to go public), Saudi-based Vision Ventures, US-based crypto-focused fund CMT Digital Ventures, Saudi's Abdul Latif Jameel Fintech Ventu
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Founded in 2017, Rain is licensed by the Central Bank of Bahrain (CBB) as a Crypto-Asset Brokerage. "The company's mission is to bring cryptocurrency to the Middle East. The company has done this by becoming licensed by the Central Bank of Bahrain and building institutional-grade infrastructure to accept local currencies in Bahrain, Saudi Arabia, U... Read More
