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Hosam Arab is a prominent figure in the UAE’s entrepreneurial community. With a passion for innovation and a keen eye for business opportunities, he co-founded the online fashion retailer Namshi in 2011. Under his leadership, the company experienced rapid growth, ultimately leading to its acquisition by retail giant Emaar Malls in 2019. Hosam then set his sights on the financial technology sector, founding the buy-now-pay-later platform tabby. The fintech start-up has already received significant investment, with a Series A funding round totaling $23 million in December 2020, following a successful $7 million round in June of the same year. Hosam is determined to scale tabby’s capabilities and bring its innovative financial services to even more customers, starting with a launch and expansion into the Saudi Arabian market.
4 minutes Read
Consumer adoption of fintech has grown rapidly over the past few years and is only expected to further increase as technology and services evolve. Beyond classical financial services, tech start-ups from the MENA region reshape crypto and NFT markets all the way to eCommerce solutions for SMEs. Fintech has gathered a genuine momentum in the region, from $ 80 million in capital in 2017 to an estimated $2 billion this year. This sector has been well established for a while, raising enough capital, the question remains, is there still room for fintech to disrupt further? What can investors learn from some of the most promising (fin)tech ventures from the region? What market developments do they need to apprehend and might be able to bank on?
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