{"id":559332,"date":"2021-01-18T03:30:04","date_gmt":"2021-01-18T03:30:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/make-it-rain\/"},"modified":"2021-01-18T03:30:04","modified_gmt":"2021-01-18T03:30:04","slug":"make-it-rain","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/make-it-rain\/","title":{"rendered":"Make it Rain"},"content":{"rendered":"

Crypto asset platform Rain raises USD 6 mn series A:<\/strong> Bahrain\u2019s Rain Financial, whose subsidiary Rain Management is the region\u2019s first fully licensed digital currency exchange, has raised USD 6 mn in a series A funding round led by Middle East Venture Partners with participation from Coinbase, Vision Ventures, CMT Digital Ventures, JIMCO, and DIFC Fintech Fund, according to an<\/a>emailed statement (pdf)<\/a>. Rain plans to use the investments to expand its engineering team and work on growing its presence in the Middle East.<\/p>\n

We\u2019ve been following Rain <\/strong>since 2018<\/a><\/strong>. <\/strong>Egyptian Yehia Badawy is one of four co-founders of the outfit, which landed a sandbox license from the Central Bank of Bahrain in 2017.<\/p>\n

\u00a0<\/p>\n

EDITOR'S NOTE: This story was corrected on 19 January, 2022 to reflect that we have been following Rain since 2018, not 2019.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto asset platform Rain raises USD 6 mn series A: Bahrain\u2019s Rain Financial, whose subsidiary Rain Management is the region\u2019s first fully licensed digital currency exchange, has raised USD 6 mn in a series A funding round led by Middle East Venture Partners with participation from Coinbase, Vision Ventures, CMT Digital Ventures, JIMCO, and DIFC […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[344,518,72,475,95],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559332","post","type-post","status-publish","format-standard","hentry","category-startup-watch","tag-cryptocurrency","tag-digital-currency","tag-enterpriseam","tag-rain-financial","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"3eecf163-4622-4af3-9f1f-32fb07c84d46","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559314],"teaser":"","voice_url":""},"yoast_head":"\nMake it Rain - 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The round saw participation from Coinbase Ventures,\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/231.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582245,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/05\/crypto-platform-rain-throws-in-with-moneyhash-on-payments-plus-stv-is-fundraising-and-rayas-accelerator-inks-pact-with-giz\/","url_meta":{"origin":559332,"position":1},"title":"Crypto platform Rain throws in with MoneyHash on payments. Plus: STV is fundraising and Raya\u2019s accelerator inks pact with GIZ","author":"enterpriseam admin","date":"5 March 2023","format":false,"excerpt":"MoneyHash\u2019s API will allow Rain to add payment service providers and payment methods across the Middle East and Africa.","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/bitcoin-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543235,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/18\/this-evening-regions-first-digital-currency-exchange-raises-usd-110-mn-series-b-global-interest-rate-hikes-may-come-sooner-rather-than-later\/","url_meta":{"origin":559332,"position":2},"title":"THIS EVENING: Region\u2019s first digital currency exchange raises USD 110 mn Series B + Global interest rate hikes may come sooner rather than later","author":"enterpriseam admin","date":"18 January 2022","format":false,"excerpt":"Happy hump day, wonderful people. We\u2019re more than halfway through this (freezing) workweek, so pat yourself on the back, if you can still feel your hands.THE BIG STORY TODAY- Crypto asset platform Rain raises USD 110 mn series B: Bahrain\u2019s Rain Financial, whose subsidiary Rain Management is the region\u2019s first\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553561,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/making-it-rain\/","url_meta":{"origin":559332,"position":3},"title":"Making it rain","author":"enterpriseam admin","date":"8 December 2021","format":false,"excerpt":"Cairo Angels announces first close on USD 5 mn micro-VC fund. 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