Bahrain may have a smaller fintech scene compared to regional giants like the UAE or Saudi Arabia, but its ecosystem is brimming with bold innovation and rapid growth. Home to around 115 fintech companies, the Kingdom is steadily gaining global attention for nurturing cutting-edge startups that are redefining digital finance in the Gulf.
This list spotlights some of Bahrain’s most influential and fast-rising fintech ventures—independent, homegrown firms that are setting new benchmarks in payments, crypto, digital banking, and financing.
Eazy Financial Services (EazyPay)
A cornerstone of Bahrain’s cashless future, Eazy Financial Services, or EazyPay, has transformed the local payments landscape. Since launching in 2016 with the approval of the Central Bank of Bahrain (CBB), the company has delivered seamless point-of-sale (POS) and e-payment gateway services to thousands of businesses.
EazyPay stands out for its regional-first approach—becoming the MENA region’s only licensed payment processor to accept cryptocurrency in both online and in-store transactions. The company processed over $4.2 billion in payments in 2024 alone and is eyeing expansion into Europe and the wider GCC. Its innovation and scale earned it a place among Forbes’ Top 50 Fintech Companies in the Middle East for 2025.
CoinMENA
Cryptocurrency is gaining real traction in Bahrain thanks to firms like CoinMENA, a CBB-regulated digital asset platform founded in 2021. With operations also licensed under Dubai’s Virtual Assets Regulatory Authority (VARA), CoinMENA serves users across the GCC and beyond.
The platform currently supports over 50 cryptocurrencies, and its user-friendly interface has helped attract more than 1.5 million users. The firm prides itself on competitive pricing, strong liquidity, and a focus on crypto education. So far, CoinMENA has processed more than $2 billion in digital asset transactions.
Rain
Founded in 2017, Rain is another key player in Bahrain’s crypto space, offering secure digital asset trading and custody services across the region. The company emphasizes security, boasting a proprietary cold storage system and stringent compliance with global standards.
Rain’s footprint includes over 1.3 million users, $4.7 billion in transaction volume, and 4 million processed trades. It has recently pursued regulatory expansion into Turkey and continues to be a major force in crypto adoption throughout the Middle East.
Aion Digital
Aion Digital has carved out a niche by helping traditional banks transition into the digital age. Founded in 2017, the company delivers modular, API-powered platforms that enable rapid deployment of retail and corporate digital banking services.
Working across the UAE, Kuwait, and Bahrain, Aion Digital supports 10 million users and powers five digital banks currently in development. Its parent company, Waqfe, focuses on integrating AI and open banking to elevate customer experiences and reduce operational friction in the banking sector.
Flooss
Launched in 2021, Flooss is Bahrain’s first fully digital, Sharia-compliant instant financing provider. By offering instant approvals, zero paperwork, and digital onboarding, Flooss addresses the need for accessible personal financing in the Kingdom.
Flooss provides loans between BHD 100 and BHD 1,500, with fixed profit margins and flexible repayment plans. Its services extend to bill payments, BNPL (Buy Now, Pay Later), and device financing through partners like Batelco and Channels by STC. With a mission to enhance financial inclusion, Flooss is reshaping how everyday consumers interact with financial services.
