Dubai, UAE, 7th August 2023, ZEX PR WIRE<\/a>,<\/strong> Recent fintech research conducted by <\/span>red_mad_robot<\/span><\/a> reveals that the Middle East fintech industry is experiencing significant growth and investment opportunities. Over the past two three years (2021-2023), Middle East fintech startups have received a total funding of approximately $2 billion through 140-160 deals, with a 40-43% of a total share in the UAE.\u00a0<\/span><\/p>\n This substantial growth can be attributed to the increasing tech-savviness of consumers who actively utilize digital banking services and non-cash payment methods. Furthermore, government authorities in the Middle East, including central banks and regulators, are committed to developing the fintech sector by establishing necessary infrastructure such as accelerators, incubators, and fintech hubs.<\/span><\/p>\n The comprehensive report not only provides market analysis but also highlights key players in the fintech market and trends within the Middle East fintech environment.<\/span><\/p>\n With over 100 promising fintech startups in the region, the Middle East market is dominated by companies specializing in digital payments, instant cross-border payments, buy-now-pay-later (BNPL) services, and digital banking. These companies have later-stage deals and exits, demonstrating their innovative services and growing sustainable business models.<\/span><\/p>\n KSA and Egypt account for 46% of the fintech companies in the region, with nine projects in Egypt and six in KSA. Notably, top fintech companies have attracted investments into the region, improving the business environment and showcasing great potential for future growth. Successful startups are already operating in multiple markets and have plans for further geographical expansion. For instance, digital bank Yalla, founded in Egypt, currently has an office in the UAE and is set to expand to KSA and Kuwait.<\/span><\/p>\n Trends in the Middle East:<\/strong><\/p>\n The Middle East fintech industry is poised for continued growth and innovation, driven by consumer demand, government support, and the presence of promising startups. Investors and industry players are encouraged to explore the vast opportunities within this thriving market.<\/span><\/p>\n Download Report : <\/strong>https:\/\/www.redmadrobot.com\/state-of-fintech<\/strong><\/a><\/p>\n About red_mad_robot:<\/strong><\/p>\n red_mad_robot<\/span><\/a> is a digital partner for major businesses in the fields of fintech, telecom, retail, insurance, e-commerce, medicine, and industry. The expertise of red_mad_robotcovers the entire cycle of creating digital products: from conducting market research and consulting to direct development and launch on the market. The company creates marketplaces, ecosystems, mobile applications, and web portals for millions of people, as well as supports technological startups.\u00a0<\/span><\/p>\n For additional information and business inquiries, please contact: <\/span>https:\/\/www.redmadrobot.com<\/span><\/a><\/p>\n<\/div>\n<\/div>\n \nThe Post The Middle East fintech market experience rapid growth with a total funding of approximately $2 billion, according to research by red_mad_robot\t<\/a> first appeared on ZEX PR Wire<\/a> <\/p>\n<\/div>\n Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. 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Over the past two three years (2021-2023), Middle East fintech startups have received a total funding of approximately $2 billion through 140-160 deals, with a 40-43% of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-6682","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news"},"_links":{"self":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts\/6682"}],"collection":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/comments?post=6682"}],"version-history":[{"count":0,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/posts\/6682\/revisions"}],"wp:attachment":[{"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/media?parent=6682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/categories?post=6682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seoulchronicle.com\/wp-json\/wp\/v2\/tags?post=6682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n