Bahrain and UAE based Rain crypto trading platform has partnered with Spring Studio’s launchpad, backed by the Sovereign wealth fund of Bahrain, Al Waha Fund of Funds, ad global venture capital firm Salica investments.

As per Rain LinkedIn post, ” We are happy to announce Rain’s partnership with Spring Studios’ Launchpad. As the first licensed crypto provider in the Middle East, Rain is committed to supporting innovative founders across the region. Founders will have direct access to our internal teams, unlocking unique opportunities in one of the fastest-growing fintech ecosystems in MENA.”

Spring Studios which caters to MENA founders, is helping to create the next wave of exceptional startups.

Spring Studios equips founders with capital, expert in-house capability, and verification from MENA’s leading investors to build startups with a greater probability of success.

This comes as Bahrain grants its fourth crypto license in the country with Crypto.com now able to offer crypto payments through its license from the Central Bank of Bahrain.

Rain was the first crypto broker to be licensed in Bahrain. It then was granted a license in the UAE from Abu Dhabi.