Rain Raises $55M Series C at $2B Valuation to Expand Crypto and…

Team S · 2026-01-13T14:43:26.000Z

Rain, a Middle East-based crypto and digital asset platform, has closed a $55 million Series C funding round at a $2 billion valuation, highlighting strong investor confidence in the company’s role as a regulated provider of cryptocurrency exchange and stablecoin services. The financing will support Rain’s mission to expand its product suite, strengthen compliance capabilities and accelerate growth across retail and institutional markets in the Middle East and beyond, particularly as demand for regulated crypto services continues to rise. The Series C round was co-led by DST Global Partners and Ghisallo, with participation from prominent backers including Bain Capital Crypto, Citi Ventures, Fenbushi Capital, D1 Ventures and Acrew Capital, among others. The capital will be used to enhance Rain’s technology infrastructure, scale its market presence and build additional regulated products such as stablecoins, custody solutions and institutional trading services positioning the company to compete with global crypto platforms in an increasingly regulated landscape. Rain operates under full regulatory oversight in the United Arab Emirates, holding licences that allow it to offer both retail crypto trading and institutional digital asset services. The company has seen strong user growth and transaction volumes, driven in part by its focus on compliance, security and transparent fee structures that appeal to both individual and enterprise customers. The funding comes at a time when regional regulators are promoting digital asset frameworks that balance innovation with risk management, creating opportunities for licensed players like Rain to capture market share while supporting broader adoption of digital currencies. Founded by Philip Craven, Alexander Yovchev and Nikola Askov, Rain aims to build a trusted digital asset ecosystem tailored to regulated markets, with a focus on stablecoins, custody and institutional liquidity. The company’s team draws from backgrounds in finance, technology and compliance, and its strategy emphasizes regulatory alignment as a differentiator in a crowded global crypto landscape. #Rain #SeriesCFunding #Crypto #Stablecoin #DigitalAssets #Fintech #RegulatedCrypto #MiddleEastTech #DSTGlobalPartners #CryptoInvesting #StartupFunding #InstitutionalCrypto #Blockchain

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Rain Raises $55M Series C at $2B Valuation to Expand Crypto and… | Newnex