Rain allows traders to buy, sell and store approved cryptocurrency across MENA countries, including Bahrain, the U.A.E., Kuwait, Oman, Saudi Arabia, and Qatar. In January 2022, the company secured $110 million in a funding round co-led by Paradigm and Kleiner Perkins. Rain Management was licensed as a crypto-asset service provider by the Central Bank of Bahrain in 2019. It currently operates in the GCC and Turkey. It plans to expand into Pakistan.