When was Rain founded?

Rain was founded in 2017 and raised its 1st funding round within a year of its incorporation.

Where is Rain located?

Rain is headquartered in Dubai, United Arab Emirates.

Who is the current CEO of Rain?

Joseph Dallago of Rain. They have also founded 1 company.

How many employees does Rain have?

As of May 31, 2026, the latest employee count at Rain is 282.

Is Rain a funded company?

Rain is a funded company, having raised a total of $129M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 09, 2017.

When was the latest funding round of Rain?

Rain's latest funding was a $***** Series B round on Jan 18, 2022, with participation from 8 investors. Its primary sector is Cryptocurrencies. In United Arab Emirates, the Cryptocurrencies sector has seen $57.9M in funding in 2026 to date.

Where does Rain rank among its competitors?

Rain ranks 24th amongst 2056 active competitors, of which 216 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Wealthsimple, which secured $393M in Oct, 2025.

Who are the top competitors of Rain?

Rain's top competitors include Coinbase, Bitso and N26. Among them, Wealthsimple secured the most recent funding round in October, 2025.

Rain - 2026 Company Profile, Team, Funding & Competitors

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 2056 active competitors, including 216 funded and 44 that have exited. Its top competitors include companies like Coinbase, Bitso 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
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Key Metrics

Founded Year

2017

Location

Dubai, United Arab Emirates

Stage

Series B

Total Funding

$129M in 5 rounds

Latest Funding Round

Series B, Jan 18, 2022, $*****

Investors

Middle East Venture Partners & 23 more

Ranked

24^th among 2056 active competitors

Employee Count

282 as on May 31, 2026

Similar Companies

Coinbase & 4257 more

View Rain's full profile

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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 18, 2022	7624898	Series B	3949546	7186964	6231819	1394084
Jan 17, 2021	1900060	Series A	9580277	3188502	1614446	Vision Ventures & 3 more
Dec 14, 2020	5187964	Series A	9762814	8714870	Middle East Venture Partners	Abdul Latif Jameel & 5 more

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View details of Rain's funding rounds and investors

The 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 and 1 phone number
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 282 employees as of May 26. Here is Rain's employee count trend over the years:

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Top competitors of Rain include Coinbase, Bitso and N26. Here is the list of Top 10 competitors of Rain, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coinbase 2012, San Francisco (United States), Public	Online platform for crypto portfolio	$547M	Tiger Global Management, DFJ Growth & 147 others	87/100
2nd	Bitso 2014, Mexico City (Mexico), Series C	Online trading and exchange platform for cryptocurrency	$331M	Tiger Global Management, QED Investors & 38 others	83/100
3rd	N26 2013, Berlin (Germany), Series E	Provider of mobile banking services, including savings, investment, and crypto	$1.72B	Valar Ventures, Allianz X & 48 others	82/100
4th	KuCoin 2017, Mahe (Seychelles), Series A	Cryptocurrency exchange and trading platform	$180M	Jump Crypto, NGC Ventures & 11 others	82/100
5th	CoinList 2017, San Francisco (United States), Series A	App-based trading platform for cryptocurrency	$119M	Accomplice, Polychain & 36 others	80/100
6th	Wealthsimple 2014, Toronto (Canada), Series F	Provider of financial services including investing, trading, saving, and borrowing	$1.29B	Power financial, TCV & 39 others	77/100
7th	SwissBorg 2016, Lausanne (Switzerland), Series A	B2B robo advisory and crypto wealth management solution	$27M	Swiss ICT Investor Club, London Real Ventures ... & 1 others	77/100
8th	Sygnum 2017, Zurich (Switzerland), Series C	Digital asset banking platform offering a range of services including trading, custody, staking, and tokenization of assets	$218M	SBI Digital Asset Holdings, Fulgur Ventures ... & 13 others	75/100
9th	Voyager 2017, New York City (United States), Public	App-based trading platform for cryptocurrency	-	EDBI, IFC Asset Management Company & 19 others	73/100
10th	Mercado Bitcoin 2013, Sao Paulo (Brazil), Series B	Online trading platform for cryptocurrency	$238M	SoftBank, SoftBank Latin America Fund & 11 others	72/100
24th	Rain 2017, Dubai (United Arab Emirates), Series B	Online platform cryptocurrency trading	$129M	Kleiner Perkins, Jimco & 22 others	66/100