Forbes ME Names 4 Bahraini FinTech Companies in Top 50

Bahrain is flexing hard in the FinTech arena right now. Tarabut, EazyPay, CoinMENA, and Rain have all landed a coveted spot on the Forbes Middle East Top 50 FinTech Companies list—proving that the island nation is no longer just a rising star, but a full-blown player in the regional tech scene.

This recognition isn’t just a win for the companies—it’s a major moment for Bahrain’s FinTech sector, which is quickly becoming one of the hottest hubs in the Middle East.

Here’s the breakdown of Bahrain’s big four:

Tarabut

A trailblazer in open banking, Tarabut is transforming finance by connecting banks and FinTechs via shared APIs. Operating in Bahrain, the UAE, and Saudi Arabia, it went international last year by acquiring UK-based Vyne, diving into the booming account-to-account (A2A) payments market. Tarabut’s 2024 revenue? Up 4.5x year-on-year. Big moves only.

EazyPay

Want to pay with crypto in Bahrain? EazyPay made it happen, thanks to a partnership with Binance. From POS terminals to online gateways and virtual card solutions, they’re handling it all—processing $4.2 billion in transactions across Bahrain last year. Valued at $300 million as of Feb 2025, they’re eyeing an expansion into the GCC and Europe next.

CoinMENA

Operating in 45 countries, CoinMENA is the GCC’s crypto darling. The app blew past 1 million downloads in 2024 and recorded a jaw-dropping 430% jump in trading volume, crossing $2 billion in fiat-to-crypto trades. Their partner lineup? Heavy-hitters like Ripple, Bitpanda, and Zodia Markets.

Rain

With a user base of 1.5 million and over $8.3 billion in total crypto trading volume since 2019, Rain continues to dominate in Bahrain, the UAE, and Türkiye. Offering access to over 50 cryptocurrencies, it’s cementing its place as a major force in the region’s digital asset ecosystem.

TL;DR: Bahrain’s FinTech scene is no longer just emerging—it’s exploding. And with these four heavy-hitters leading the charge, it’s safe to say the Kingdom is firmly on the global map.