About CoinMENA
CoinMENA is a company based in Manama (Bahrain) founded in 2019 by Talal Tabbaa and Dina Saman was acquired by Paribu in December 2025.. CoinMENA has raised $9.5 million across 1 funding round from investors including Paribu, BECO Capital and Kenetic Capital. CoinMENA operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Manama, Bahrain
- Founders Talal Tabbaa, Dina Saman
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Funding Insights of CoinMENA
CoinMENA has successfully raised a total of $9.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $9.5 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $9.5M
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First Round
First Round
(07 Nov 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Seed - CoinMENA | Valuation | BECO Capital , Kenetic |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CoinMENA
CoinMENA has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Paribu, BECO Capital and Kenetic Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are provided to startups in the Gulf and MENA region.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in via a funds-of-funds approach.
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Founded Year | Domain | Location | |
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Venture capital firm focused on blockchain and web3 projects
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CoinMENA
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CoinMENA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coinmena Comparisons
Competitors of CoinMENA
CoinMENA operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gemini, FTX, Blockchain, Bitstamp and PDAX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering crypto exchange solutions
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| domain | founded_year | HQ Location |
Cryptocurrency trading is facilitated through an online platform.
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Coinmena
Frequently Asked Questions about CoinMENA
When was CoinMENA founded?
CoinMENA was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is CoinMENA located?
CoinMENA is headquartered in Manama, Bahrain.
Who is the current CEO of CoinMENA?
Talal Tabbaa is the current CEO of CoinMENA. They have also founded this company.
Is CoinMENA a funded company?
CoinMENA is a funded company, having raised a total of $9.5M across 1 funding round to date. The company's 1st funding round was a Seed of $9.5M, raised on Nov 07, 2021.
What does CoinMENA do?
Founded in 2019 and based in Manama, Bahrain, CoinMENA operates as a fintech entity in the cryptocurrency sector. A trading platform is provided for users to buy, sell, send, receive, acquire, and store digital assets. Support is extended to cryptocurrencies such as bitcoin, ethereum, ripple, litecoin, and bitcoin cash. Cryptocurrency news and updates are delivered, alongside a digital wallet for balance management and transfers.
Who are the top competitors of CoinMENA?
CoinMENA's top competitors include Blockchain, Gemini and FTX.
Who are CoinMENA's investors?
CoinMENA has 8 investors. Key investors include Paribu, BECO Capital, Kenetic Capital, Arab Bank, and Alameda Research.