{"id":34914,"date":"2021-01-18T15:40:22","date_gmt":"2021-01-18T13:40:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34914"},"modified":"2025-08-28T22:48:59","modified_gmt":"2025-08-28T19:48:59","slug":"rain-financial-the-bahrain-based-bitcoin-exchange-raises-6-million-from-mevp-capital-coinbase-and-other-investors","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/rain-financial-the-bahrain-based-bitcoin-exchange-raises-6-million-from-mevp-capital-coinbase-and-other-investors\/","title":{"rendered":"Rain Financial, the Bahrain-based bitcoin exchange, raises $6 million from MEVP Capital, Coinbase and other investors"},"content":{"rendered":"<p>The Bahrain-based cryptocurrency exchange Rain Financial raised $6 million in a Series A funding round led by MEVP Capital.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Rain Financial Inc today announced its $6M Series A round of funding. The round was led by <a href=\"https:\/\/twitter.com\/MEVPcapital?ref_src=twsrc%5Etfw\">@MEVPcapital<\/a>, the largest VC firm in the ME, with participation from existing and new investors: <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\">@Coinbase<\/a>, <a href=\"https:\/\/twitter.com\/VisionVCco?ref_src=twsrc%5Etfw\">@VisionVCco<\/a>, <a href=\"https:\/\/twitter.com\/CMTDigitalLtd?ref_src=twsrc%5Etfw\">@CMTDigitalLtd<\/a>, Abdul Latif Jameel Fintech Ventures, and <a href=\"https:\/\/twitter.com\/DIFC?ref_src=twsrc%5Etfw\">@DIFC<\/a>.<\/p>\n<p>\u2014 Rain \u00b7 \u0631\u064a\u0646 (@rainfinancial) <a href=\"https:\/\/twitter.com\/rainfinancial\/status\/1350651717835235330?ref_src=twsrc%5Etfw\">January 17, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Middle East trading platform was also backed by Coinbase, Vision Ventures, CMT Digital, Abdul Latif Jameel Fintech Ventures, and DIFC.<\/p>\n<p>The cryptocurrency exchange was founded in 2017. After two years in a regulatory sandbox, Rain secured a license from the Central Bank of Bahrain, becoming the first regulated crypto-asset trading platform in the region.<\/p>\n<p>In 2019 the crypto exchange closed a seed funding round worth $2.5 million, led by BitMEX Ventures and Kuwait-based Blockwater.<\/p>\n<p>On January 15, Coinbase <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-backs-titan-a-mining-infrastructure-software-developer-and-launches-asset-hub\">funded<\/a> the infrastructure developer for mining Titan.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bahrain-based cryptocurrency exchange Rain Financial raised $6 million in a Series A funding round led by MEVP Capital.<\/p>\n","protected":false},"author":1,"featured_media":34915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,138,1133],"class_list":["post-34914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-coinbase","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34914"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34914\/revisions"}],"predecessor-version":[{"id":34916,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34914\/revisions\/34916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34915"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}