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Banking Giant, Arab Bank Switzerland Backs Coinmena In $9.5M Seed Fundraise To Boost Crypto Adoption In The Middle East

Nov 10, 2021•over 3 years ago

Amount Raised

$9.5 Million

Round Type

seed

Manama

Description

Bahrain-headquartered CoinMENA has secured $9.5M in its first seed funding round, from top regional and international investors in the crypto and venture space, in a move to further dominate the MENA market. Investors in the round included BECO Capital, Kenetic, Arab Bank Switzerland, Bunat Ventures, Alameda Research, Rua Growth Fund and Girnas Capital alongside a number of select global angel investors.

Company Information

Company

Coin Mena

Location

Manama, Capital Governorate, Bahrain

About

Headquartered in the Kingdom of Bahrain, CoinMENA is a crypto-assets trading platform, licensed and regulated by the Central Bank of Bahrain (CBB). Through CoinMENA, users can buy, sell, store, and receive crypto assets safely and securely, as well as deposit and withdraw in their local currency. App Store | Website | Twitter | Facebook | Instagram | LinkedIn | YouTube Photo - https://mma.prnewswire.com/media/1683355/Cofounders_Dina_Saman_and_Talal_Tabbaa.jpg SOURCE CoinMENA