June 14, 2021

Rain to increase cryptocurrency adoption raising US$ 6 million Series A funding

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Co-founders vision is mainstream adoption of crypto-assets in the Middle East.

Bahrain crypto asset trading platform Rain Management raised US$ 6 million in its latest Series A round. The JIMCO Technology Fund was one of a small group of investors in the round.

Rain Management provides a regulated way for customers to buy, sell, and store bitcoin and other crypto assets. A subsidiary of Rain Financial Inc., (registered with the US SEC), it is licensed by the Central Bank of Bahrain as a crypto asset brokerage.

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Abdul Latif Jameel Investment Management Company, JIMCO, is the global investment arm of the Jameel Family.

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