CoinMENA B.S.C.
Latest round
- Seed
Last raised
- Nov 2021
Total raised
- $9.5M
Investors
- 4
About CoinMENA B.S.C.
C. is a cryptocurrency exchange based in Bahrain, facilitating the buying, selling, and trading of digital assets for a diverse clientele across the MENA region.C. provides a platform for users to trade digital assets. The company was co-founded by Dina Sam'an, Yazan Barghuthi and Talal Tabbaa., from BECO Capital, Kenetic Capital, Arab Bank Switzerland, and Bunat Ventures, for approximately USD 240 million. CoinMENA specializes in providing a comprehensive platform for the buying, selling, sending, and receiving of digital assets. Its primary offerings include spot and limit trading options that enable users to execute trades either at current market prices or at specified price points. Customers can fund their accounts using local currencies, such as BHD, AED, SAR, USD, KWD, OMR, QAR, and EGP, and have the convenience of linking multiple bank accounts for seamless transactions.5 million registered users and clients across more than 45 countries. CoinMENA generates revenue primarily through transaction fees associated with the trading of digital assets on its platform. These transactions encompass both individual trades and over the counter (OTC) services for larger transactions, which provide clients with preferential pricing and reduced fees through a dedicated account manager. The platform's transparent pricing structure and efficient transaction processing are essential components in attracting and retaining users in the competitive cryptocurrency market. The acquisition aims to expand licensed operations into the MENA region and strengthen regional leadership in crypto markets.
Who invested in CoinMENA B.S.C.
4 investors across 1 round
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Funding rounds
Seed
Nov 8, 2021
Amount
$9.5M
Investors
Questions about CoinMENA B.S.C.
Who invested in CoinMENA B.S.C.?
CoinMENA B.S.C. has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CoinMENA B.S.C. raised?
CoinMENA B.S.C. has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CoinMENA B.S.C. last raise money?
CoinMENA B.S.C.'s most recent round on record is a Seed, in Nov 2021.
What does CoinMENA B.S.C. do?
CoinMENA B.S.C. is a financial services company.
Where is CoinMENA B.S.C. headquartered?
CoinMENA B.S.C. is headquartered in Manama, Bahrain.
Which VCs invest in companies like CoinMENA B.S.C.?
Among active investors with capital left to deploy, 360 ONE, Gopher Asset Management, DSC Investment and Stellaris Venture Partners back financial services companies at CoinMENA B.S.C.'s stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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