Top 10 Fintechs in the Middle East in 2026

Forbes Middle East has released its annual Fintech 50 list, featuring financial technology companies across MENA that collectively processed more than US$260 billion in transactions in 2025.

The UAE had the largest representation on the 2026 list with 15 companies, followed by Saudi Arabia with 13 and Egypt with 10.

Saudi-based shopping and financial services platform Tabby topped the ranking for the second consecutive year.

The company reported more than US$18 billion in annualised transaction volume and raised US$233 million in a Series F funding round in September 2026, bringing its valuation to US$6.5 billion.

Tabby has also secured new licenses in the UAE and Saudi Arabia to expand its financial services offerings.

Egyptian payments platform Fawry ranked second, with 55.4 million monthly users as of June 2026.

Fellow Egyptian fintech MNT-Halan took third place after securing an investment round led by Al Ahly Capital Holding, the investment subsidiary of the National Bank of Egypt, at a valuation of US$1.4 billion in June 2026.

MNT-Halan is also pursuing an IPO on the Egyptian Exchange involving a 20 percent stake, with the process expected to conclude by mid-October.

This year’s list includes companies from 10 countries and 18 new entrants, including Network International, Astra Tech, Digit9 and PRYPCO.

Jordan and Morocco each accounted for two entries, while Bahrain, Iraq, Oman, Yemen and Qatar had one each.

Two additional companies were classified under Bahrain/UAE, while one was listed under Saudi Arabia/USA.

Forbes Middle East evaluated companies based on external investment, transaction volumes, active users, consumer reach, geographic presence, innovation and business expansion over the past year.

Fintech entities affiliated with exchange houses, telecommunications operators, traditional banks and government institutions were excluded from the ranking.