Startup Sets The Pace In Middle East’s Virtual-Currencies Business

By Keith J. Fernandez

One of the hardest things after starting a company is to gain clients. But before Yehia Badawy and his three business partners could get down to it, they had a bigger hurdle to clear: Convincing financial regulators to endorse a new type of business in a non-existent industry.

Their idea was Rain, the...