Rain Financial (Rain) has acquired Digital Ma’arefa, the Saudi-based financial media company behind The Finance Memo, Crypto Memo, AI Memo, and the broader news network.
The statement said that the Digital Ma’arefa’s three co-founders, Abdullah Mashat, Wael AlMutlaq, and Abdullah Fageih, will be joining Rain. Abdullah Mashat has been appointed Managing Director.
AJ Nelson, Co-Founder of Rain, said that, “You cannot put a price on trust. Mashat and the Digital Ma’arefa team have grown the most trusted voice in crypto. We are happy they will be joining the most trusted crypto exchange. The future is very bright for this combined team.”
“The Digital Ma’arefa and Rain team share the same ambition: to deliver trust at scale through a combination of financial media and regulated infrastructure,” noted Abdullah Mashat, Co-Founder at Digital Ma’arefa.
The transaction was successfully completed on March 30th, 2026. Over the coming months, Digital Ma’arefa’s team will seamlessly integrate into Rain’s existing operations, as per the statement.
Rain Financial
Rain Financial is a GCC-based crypto brokerage and custodian based in the Middle East and North Africa (MENA) region, founded in 2017 and headquartered in Bahrain.
As one of the first regulated crypto platforms in the region, Rain operates under the Central Bank of Bahrain’s framework, ensuring compliance with local laws and offering a secure, trusted environment for buying, selling, and trading a variety of digital assets, including Bitcoin (BTC) and Ethereum (ETH).
It is licensed by the Central Bank of Bahrain (CBB) and Abu Dhabi Global Market (ADGM), and registered in multiple jurisdictions.
