Rain Reaches 1.95 Billion Dollar Valuation With 250 Million Dollar Series C

Middle Eastern crypto payments company Rain has reached a $1.95 billion valuation after closing a $250 million Series C funding round. The raise positions Rain as one of the most valuable crypto companies in the MENA region.

Rain operates a regulated cryptocurrency exchange in Bahrain and has been expanding its crypto payment services across the Gulf region. The substantial funding round will support further expansion and product development.

The $1.95 billion valuation reflects the growing importance of the Middle East as a hub for regulated crypto services, with the region's progressive regulatory approach attracting significant investment in digital asset companies.