Tag "fintech funding"
Fintech Funding in Jordan Accelerates
In Jordan, fintech is emerging as one of the top investment targets for investors, attracting US$26 million in funding between 2018 and 2022 or 10% of all startup investments during the period, a new report by Magnitt, a data platform
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Top 7 UAE Investors Fueling the Fintech Revolution
Investors from the United Arab Emirates (UAE) are actively backing promising tech startups in the Middle East and North Africa (MENA), opening their wallets to innovative ventures and contributing to the region’s entrepreneurial growth. Between 2018 and H1 2023, a
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Egypt Fintech Startup Ecosystem Expands Fivefold
Between 2017 and 2022, the number of fintech companies in Egypt increased by 5.5 times, soaring from a mere 32 players five years ago to now 177. This rapidly expanding ecosystem is arising on the back of soaring demand for
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VC Funding Soars in Saudi Arabia, Propelled by Fintech
2022 was a record-breaking year for venture capital (VC) investment in Saudi Arabia. Startups in the country secured a total of US$987 million across 144 deals, representing a staggering 72% increase in funding volume compared with 2021, according to a
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Saudi Arabia Fintech Funding Jumped 54% This Year
Despite a global startup funding pullback, Saudi Arabian fintech industry continued to grow and mature this year. Companies in the sector have, so far, secured a total of US$367 million in financing this year as of September, a sum which,
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Fintech Leads UAE Startup Funding
In H1 2022, fintech was the preferred industry for startup investors in the United Arab Emirates (UAE), accounting for 34% of total capital during the period and 22% of transactions, a new report by Magnitt and the Emirates Development Bank
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Dubai Freezone Cements Position as Leading Regional Fintech Hub
The Dubai International Financial Centre (DIFC), the city’s financial freezone, is aggressively cementing its position as the top fintech hub in the Middle East, Africa and South Asia (MEASA), unveiling a number of initiatives this year aimed at fostering innovation,
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Fintech Becomes Favoured Investment Focus in MENA
In the Middle East and North Africa (MENA), fintech has emerged into the preferred investment target of investors. Between 2019 and 2021, the fintech sector captured the largest portion of dollars invested across all tech sectors, more than double enterprise
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Funding to Israeli-Founded Fintech Startups Jumped 136% in 2021 to US$4.5B
2021 was a blockbuster year for Israeli-founded fintech startups, which continued to grow, mature and attract investors’ interest. In 2021, Israeli-founded fintech companies raised a new record of US$4.5 billion in 2021, surpassing the three previous years combined, a new
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Funding Momentum to Continue in Pakistan Fintech Sector
2021 was a blockbuster year for Pakistani startups, which raised a total of US$352 million, data from Invest2Innovate, a local consultancy firm, shows. Out of that sum, 27% was raised by fintech startups, or US$95 million (excluding Bazaar’s combined US$36.5
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