Rain raises $6 million Series A from MEVP & Coinbase to grow its Middle Eastern cryptocurrency exchange

Rain raises $6 million Series A from MEVP & Coinbase to grow its Middle Eastern cryptocurrency exchange

Bahrain-headquartered cryptocurrency exchange Rain has raised $6 million in a Collection A spherical led by Center East Venture Partners (MEVP), it introduced in a assertion to MENAbytes today. The spherical also saw participation of different new and existing investors like Coinbase which is the greatest cryptocurrency platform in the United States (and submitted very last month to go community), Saudi-based mostly Eyesight Ventures, US-based mostly crypto-centered fund CMT Digital Ventures, Saudi’s Abdul Latif Jameel Fintech Ventures, and Dubai Worldwide Fintech Centre’s Fintech Fund. Rain had lifted $2.5 million in a seed round in July 2019.

Started in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago, and Yehia Badawy, Rain permits customers in the Center East (and past) to buy, sell, and store Bitocoin and other cryptocurrencies by its web and cellular-centered platform. Getting received its license from the Central Lender of Bahrain in…

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  • According to the source Rain raises $6 million Series A from MEVP & Coinbase to grow its Middle Eastern cryptocurrency exchange
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