Rain - About the company
Rain is a series B company based in Dubai (United Arab Emirates), founded in 2017 by Joseph Dallago, Yehia Badawy and AJ Nelson. It operates as an Online platform cryptocurrency trading. Rain has raised $129M in funding from investors like Middle East Venture Partners, Coinbase and Kleiner Perkins. The company has 2010 active competitors, including 209 funded and 44 that have exited. Its top competitors include companies like Coinbase, Kraken and N26.
Company Details
Online platform cryptocurrency trading. The company offers a platform for individuals to buy, sell, swap, and store Bitcoin, Ethereum, and other cryptocurrencies online. The platform provides a detailed view of users' portfolio performance so informed and educated investment decisions can be made when buying crypto online.
- Website
- rain.com
- Social
Key Metrics
Founded Year
2017
Location
Dubai, United Arab Emirates
Stage
Series B
Total Funding
$129M in 5 rounds
Latest Funding Round
Investors
Ranked
25th among 2010 active competitors
Employee Count
274 as on Mar 31, 2026
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Rain's funding and investors
Rain has raised a total funding of $129M over 5 rounds. Its first funding round was on Oct 09, 2017. Its latest funding round was a Series B round on Jan 18, 2022 for $*****. 8 investors participated in its latest round. Rain has 20 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Rain:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 18, 2022 | 4497321 | Series B | 9277311 | 2524481 | 7483666 | 5052878 |
Jan 17, 2021 | 7720776 | Series A | 1061476 | 6201448 | 2205332 | |
Dec 14, 2020 | 2572806 | Series A | 5112434 | 5411994 |
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Rain's founders and board of directors
Founder? Claim ProfileThe founders of Rain are Joseph Dallago, Yehia Badawy and AJ Nelson. Joseph Dallago is the CEO of Rain.
Here are the details of Rain's key team members:
- Joseph Dallago: Co-Founder & CEO of Rain and founder of 1 other company. Contact Info: 2 email addresses
- Yehia Badawy: Co-Founder of Rain and founder of 1 other company. Contact Info: 1 email address
- AJ Nelson: Co-Founder of Rain and founder of 1 other company. Contact Info: 2 email addresses
View details of Rain's Founder profiles and Board Members
Rain's employee count trend
Rain has 274 employees as of Mar 26. Here is Rain's employee count trend over the years:
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Rain's Competitors and alternates
Top competitors of Rain include Coinbase, Kraken and N26. Here is the list of Top 10 competitors of Rain, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Coinbase 2012, San Francisco (United States), Public | Online platform for crypto portfolio | $547M | 89/100 | |
2nd | Kraken 2011, Cheyenne (United States), Series D | Provider of an app-based trading and exchange platform for cryptocurrency | $867M | 86/100 | |
3rd | Provider of mobile banking services, including savings, investment, and crypto | $1.72B | 83/100 | ||
4th | Online trading and exchange platform for cryptocurrency | $331M | 82/100 | ||
5th |  KuCoin 2017, Mahe (Seychelles), Series A | Cryptocurrency exchange and trading platform | $180M | 82/100 | |
6th |  CoinList 2017, San Francisco (United States), Series A | App-based trading platform for cryptocurrency | $119M | 81/100 | |
7th | Wealthsimple 2014, Toronto (Canada), Series F | Provider of financial services including investing, trading, saving, and borrowing | $1.29B | 77/100 | |
8th |  SwissBorg 2016, Lausanne (Switzerland), Series A | B2B robo advisory and crypto wealth management solution | $27M | 77/100 | |
9th | Online trading platform for Bitcoin | $36.6M | 74/100 | ||
10th |  Mercado Bitcoin 2013, Sao Paulo (Brazil), Series B | Online trading platform for cryptocurrency | $238M | 72/100 | |
25th | Rain 2017, Dubai (United Arab Emirates), Series B | Online platform cryptocurrency trading | $129M | 66/100 |
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Rain's Investments and acquisitions
Rain has made no investments or acquisitions yet.
Reports related to Rain
Here is the latest report on Rain's sector:
News related to Rain
Media has covered Rain for a total of 3 events in the last 1 year, 1 of them has been about partnerships.
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Rain Secures $58M to Enhance Global Stablecoin InfrastructurePYMNTS.com•Aug 28, 2025•Rain, Sapphire Ventures, DRAGONFLY, Galaxy and 5 others
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Middle Eastern Crypto Exchange Rain Grabs License to Handle Assets in UAEGadgets 360•Jul 25, 2023•Rain
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Tarabut partners with Rain to fast-track crypto paymentsTrade Arabia•Mar 14, 2023•Rain, Tarabut, Tarabut Gateway
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MoneyHash and Rain partner to provide customers with more payment methods for crypto assetsWAYA Media•Mar 01, 2023•MoneyHash, Rain
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FAQs about Rain
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