Rain * – 50 Most Funded Startups 2022 – Forbes Lists – Forbes Middle East

Rain * – 50 Most Funded Startups 2022 – Forbes Lists – Forbes Middle East

Rain allows traders to buy, sell, and store approved cryptocurrency across the GCC and Türkiye. In December 2021, the company secured $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins. Rain Management was licensed as a regulated crypto-asset service provider by the Central Bank of Bahrain in 2019. It has received in-principle approval from ADGM's Financial Services Regulatory Authority for permission to conduct certain regulated financial services activities relating to virtual assets.