KARACHI: Rain Financial Inc, a global leading cryptocurrency trading platform, has appointed Zeeshan Ahmed as its country general manager, Pakistan, a statement said.

While Rain is not yet operational in Pakistan, it will be advocating for the regulation and seek licensing in the country, it added.

Ahmed is a senior management professional leading turnaround and growth strategies. With a career span of over 16 years, seven of which were spent at strategic C level positions, he most recently worked as the chief executive officer for Askari Enterprises, a subsidiary of AWT.

Commenting on his appointment, Zeeshan said: “I am thrilled to be joining Rain Pakistan at this pivotal time for the blockchain and crypto industry. I look forward to working with the talented team at Rain and developing a licensed and regulated crypto-asset exchange in Pakistan.”

This announcement comes just weeks after Rain Financial Inc secured $110 million Series B funding. The round was co-led by Paradigm and Kleiner Perkins with the participation from numerous parties, including Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO and CMT Digital.

Founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago and Yehia Badawy, Rain will utilise this investment to further expand licensing in other countries and regions, enhancing its technology and continuing to grow the team as cryptocurrency adoption increases globally.

Rain Financial and its group has done over $2 billion worth of transactions, amassed over 200,000 active users, and now has over 500 employees with a focus on growing its team even further across the region by the end of 2022.

With the changing consumer behaviour and increasing demand in the interest of crypto, Rain is committed to investing in building a platform that is simplified and easy to use.