📝 Summary - Feb 2023
- Investopia 2022
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?