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Rain logo — Digital Currency Exchange headquartered in the Middle East

Rain

Digital Currency Exchange headquartered in the Middle East

Founded 2017 Bahrain Bahrain 284 employees Series B Total: $120.20M

General Information

Company Name Rain
Founded Year 2017
Location Bahrain Bahrain
Employees 284
Funding Stage Series B
Business Model B2C, Marketplace, B2B
Revenue Model Commission, Transaction Fee, Service Fee
Offices as of Aug 2026
Middle East, Bahrain Abu Dhabi , United Arab Emirates Dubai, United Arab Emirates Istanbul, Turkey Manama, Bahrain
Social

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Feature Release Oct 09, 2026

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About Rain

Rain, founded in 2017, is spearheading the digital currency exchange landscape as a cryptocurrency brokerage and custodian service, primarily serving the Middle East, Turkey, and North Africa. Headquartered in Bahrain, the company has adeptly positioned itself within a rapidly growing market for digital currencies in these regions.

The recent influx of $110.00M from a Series B investment concluded on 01 January 2022 underscores investor confidence in Rain's strategic direction. Esteemed investors including CMT Digital, Kleiner Perkins, Global Founders Capital, Coinbase Ventures, Paradigm, Cadenza Ventures, and Middle East Venture Partners have rallied behind Rain, highlighting the potential for significant growth and expansion.

With the digital currency market on an upward trajectory, Rain's strategic location and experienced leadership offer promising prospects for investors looking to capitalize on emerging opportunities in the cryptocurrency sector within this region.

Business keywords: digital currency exchange, cryptocurrency brokerage, cryptocurrency custodian, digital transactions, regulated cryptocurrency exchange, Middle East market, cryptocurrency services, blockchain technology, digital asset management, crypto trading platform

Services & Products

Buy and Sell Cryptocurrency
Crypto Portfolio Management
Advanced Trading Features
Over the Counter (OTC) Trading
Cold Storage Security

Target Customers

Individual Cryptocurrency Traders Institutional Investors Businesses Trading Large Digital Asset Orders

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $110.00M 7
CMT Digital Kleiner Perkins Global Founders Capital
CMT Digital, Kleiner Perkins +5
01 Jan 2022
Convertible Note Undisclosed 1
VentureSouq
VentureSouq
01 Aug 2021
Series A $6.00M 6
CMT Digital Coinbase JIMCO
CMT Digital, Coinbase +4
01 Jan 2021
Seed $2.50M 3
Vision Ventures
Vision Ventures, 500 Global +1
01 Jul 2019
Seed $1.70M -
01 Jan 2019
Seed Undisclosed -
01 Sep 2017

Latest News

View All
Paxos pitches PayPal, Venmo rails in bid to issue Hyperliquid USDH stablecoin — Theblock.co
Paxos pitches PayPal, Venmo rails in bid to issue Hyperliquid USDH stablecoin
Theblock.co Nov 23, 2025
Paxos’ New Proposal for Hyperliquid’s USDH Stablecoin Includes PayPal Integration — Cryptonews.com
Paxos’ New Proposal for Hyperliquid’s USDH Stablecoin Includes PayPal Integration
Cryptonews.com Sep 10, 2025
Paxos updates USDH stablecoin bid with PayPal, Venmo integration plans — Cointelegraph.com
Paxos updates USDH stablecoin bid with PayPal, Venmo integration plans
Cointelegraph.com Sep 10, 2025
Çalışan odaklı finans platformu Rain, 75 milyon dolar yatırım aldı — Webrazzi
Çalışan odaklı finans platformu Rain, 75 milyon dolar yatırım aldı
Webrazzi Apr 09, 2025
German startup OroraTech raises €25M to scale wildfire early warning system — Thenextweb
German startup OroraTech raises €25M to scale wildfire early warning system
Thenextweb Oct 15, 2024
Swiss solo GP Edoardo Ermotti closes $30m fund to back B2B SaaS startups — Sifted
Swiss solo GP Edoardo Ermotti closes $30m fund to back B2B SaaS startups
Sifted Apr 23, 2024

Rain Alternatives & Competitors

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Rain vs
altrady
altrady The Netherlands

The Trading Operating System for Active Crypto Traders.

9 employees
Crypto, Fintech
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Rain vs
GRNX
GRNX India

Genuine Reliable Numerous

2 employees
Crypto, Information Technology
Compare Rain vs GRNX
Rain vs
Deblock
Deblock United Kingdom

The first crypto wallet integrated with a current account.

Series A
102 employees
Crypto, Fintech
View all alternatives

FAQ About Rain

Digital Currency Exchange headquartered in the Middle East
Rain was founded in 2017.
Rain is headquartered in Bahrain. As of Aug 2026, it also has offices in Middle East, Bahrain, Abu Dhabi , United Arab Emirates, Dubai, United Arab Emirates, Istanbul, Turkey and Manama, Bahrain.
Rain has a B2C, Marketplace and B2B business model. Its revenue comes from Commission, Transaction Fee and Service Fee.
Rain has approximately 284 employees.
Rain has completed 6 funding rounds, raising a total of $120.20M. The latest funding stage is Series B.
Rain offers: Buy and Sell Cryptocurrency, Crypto Portfolio Management, Advanced Trading Features, Over the Counter (OTC) Trading, Cold Storage Security.
Top alternatives and competitors to Rain include altrady, GRNX , Deblock, Fincy, Bitex Exchange. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Rain and altrady are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Rain, https://bouncewatch.com/company/rain, updated 27 August 2026. When citing, please name BounceWatch and link this page.

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