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Rain Management runs a Bahrain-licensed cryptocurrency platform that lets users buy and sell crypto using bank transfers or cards.
Founded in 2017 in Manama, Bahrain, Rain Management, W.L.L. was licensed by the Central Bank of Bahrain as a crypto-asset brokerage in 2019. Users buy and sell crypto and move local currency by bank transfer, and can also buy with Visa and MasterCard. Trading fees are 1.5% for bank transfer bitcoin purchases and 4% for card purchases. The firm has received USD 11.9 million in total funding as of 2021, and its January 2021 Series A funding is planned for engineering expansion and work with regional regulators.
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