Bahrain

Bahrain Crypto Exchange Rain Raises USD 110 Million in Series B

Bahrain based crypto exchange Rain Financial has raised USD 110 million in Series B funding, the company announced this week. The round was co-led by Paradigm and Kleiner Perkins with participation from numerous parties including Coinbase Ventures, Global Founders Capital,

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Central Bank of Bahrain Completes Test With Blockchain Based JP Morgan Coin System

As part of the Central Bank of Bahrain’s (CBB) vision to improve customer experience for safe and efficient settlement solutions, the CBB has announced the successful completion of a test with Onyx by J.P. Morgan’s JPM Coin System. This is

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Binance Got In-Principle Approval as a Crypto-Asset Service Provider in Bahrain

Binance has received in-principle approval from the Central Bank of Bahrain (CBB) to establish itself as a crypto-asset service provider in the Kingdom of Bahrain. The in-principle approval comes after Binance applied for a license from the CBB as part

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6 Fintech Companies in Bahrain You Should Follow in 2022

Bahrain has emerged as a key destination for fintech initiatives in the MENA region, and fintech companies in Bahrain are leveraging this to their success. Bahrain has been especially progressive from the standpoint of open banking and digital currencies. For

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Arab Financial Services to Gain Capital Boost of US$98 Million

Digital payment solutions provider Arab Financial Services plans to raise US$98 million to boost revenue growth and strategic expansion. Shareholders of the company approved plans to increase the company’s authorised share capital to US$150 million, and its issued and paid-up

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Crypto Platform CoinMENA Picks Up US$9.5m Seed Funding

Bahrain-headquartered crypto trading platform CoinMENA has fetched US$9.5 million in seed funding, according to a statement. This is the first seed round to have been raised by the company. It is also one of the largest seed rounds to have

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Cashless Payments in Bahrain Hit US$3.62B in H1 2021

Cashless payments in Bahrain jumped to US$3.62 billion in H1 2021, according to the latest figures from the Central Bank of Bahrain (CBB). Over 53 million digital payment transactions were recorded in the country during the period. The boom in

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Finleap and Batelco Partner to Boost Open Banking in the MENA Region

European fintech ecosystem builder finleap entered into a strategic partnership with Bahraini telecoms company Batelco, according to an announcement earlier this week. The partnership is aimed at promoting open banking in the MENA region. Batelco recently became the first GCC-based

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Ajar Expands Its Proptech Platform to Bahrain

Rental collection platform Ajar has expanded its operations to Bahrain, according to a recent announcement. With a presence in Kuwait and the UAE, the company will now offer its property management and rent collection in the Kingdom of Bahrain. The

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National Bank of Bahrain Kickstarts Digital Banking Challenge

The National Bank of Bahrain (NBB) has partnered with Bahrain Fintech Bay to launch a Digital Banking Challenge, according to a statement. The challenge is aimed at bolstering the digital capabilities of Bahraini youth, and enabling them to explore emerging

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