Rain Management, W.L.L.
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Rain Management, W.L.L. - overview
Established
2017
Location
Manama, -, Bahrain
Primary Industry
Financial Services
About
Founded in 2017 and based in Manama, Bahrain, Rain Management, W. L. L. operates as a cryptocurrency platform that is licensed by the Central Bank of Bahrain (CBB) in 2019 as a crypto-asset brokerage.
The firm has received a total funding of USD 11. 9 million as of 2021. Rain Management, W. L.
L. enables users to buy and sell cryptocurrency and deposit or withdraw local currency through bank transfer from or to the user's Rain account. The platform also allows users to use Visa and MasterCard to buy digital currency. The company generates revenue by charging trading fees to its user for buy and sell transactions.
The firm charges a fee of 1. 5% of the transaction value for buying and selling bitcoin via bank transfers, and a fee of 4% for buying through a card. Rain Management, W. L.
L. plans to use its Series A funding in January 2021 to expand its engineering team, focus on geographic expansion and work with different regulators in the region.
Current Investors
500 Global, Vision Ventures, BlockWater Capital
Primary Industry
Financial Services
Sub Industries
Brokerages, e-Financial, Accounting/Finance Software
Website
www.rain.bh
Verticals
Blockchain, Blockchain, FinTech, Mobile Apps
Company Stage
Series B
Total Amount Raised
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