Bahrain-based cryptocurrency exchange Rain Financial has raised $110 million in a Series B funding round co-led by Paradigm and Kleiner Perkins, according to a press release shared with CoinDesk. The company will use the capital to pursue licensing in additional countries, enhance its technology platform and expand the team.
Other participants in the round included Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO and CMT Digital.in a Series A funding round led by MEVP with participation from Coinbase Ventures. Rain says it has hosted over $1.9 billion worth of transactions and amassed over 185,000 active users since its founding.
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