Rain

Private

ManamaCrypto & Web3https://rain.com/

Last Round

Series C

Jan 9, 2026

Est. Valuation

$1.95B

Total Funding Raised

$457M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Rain is a fintech company that operates a licensed cryptocurrency trading platform and custodian for buying, selling, and storing digital assets in the Middle East.

Sector

Crypto & Web3

Verticals

Crypto Exchanges, Digital Payments, Blockchain Infrastructure, Stablecoins, Compliance & Risk

Business Model

B2B

Customer Profile

Payment Processing Fee, Services & Consulting

AI Layer

Non-AI

Keywords

crypto exchangecryptocurrency brokeragestablecoin infrastructurecrypto on-rampdigital asset custodyover-the-counter tradingOTCcross-border paymentscrypto payment railsinstitutional cryptoGCC crypto marketcrypto complianceregulated exchangecrypto walletcrypto education

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Track how buyer interest and sentiment changes over time.

Rain Comps

Public and private peers based on sector, stage, and business model.

Rain comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Rain Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Series C	Jan 9, 2026
Series B	Aug 28, 2025
Series A	Mar 24, 2025
Seed	Apr 27, 2022
Series B	Jan 18, 2022
Series A	Jan 16, 2021

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Key People

Founding team and executive leadership

Jack Haynes

Chief Executive Officer

Executive Team

Joseph Dallago

Co-founder And CEO

Founding Team

Emanuele Chiarelli

Group CFO

Executive Team

Rain Investors

Notable investors and investment history

Rain investors
Investor	Rounds
Dragonfly Capital	Series C, Series B
BitMEX Ventures	Seed
Dubai International Financial Centre	Series A
Global Founders Capital	Series B
Taibah Valley	Seed
JIMCO	Series A, Series B
Paradigm	Series B

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Market signals

Structured signals derived from secondary market and firmographic data.

Apr 28, 2026
Abdullah Mashat, co-founder of Digital Ma'arefa, joins the company.
Apr 28, 2026
Abdullah Fageih, co-founder of Digital Ma'arefa, joins the company.

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Rain Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Rain Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Rain's valuation, stock price, and market status.

Firmographic Details

HeadquartersManama

Employee Range276

Year Founded2017

Last FundingJan 9, 2026

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