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Credit Facilities Offered to SMEs (Billion USD) in 2018 - Q1 2021
Saudi Venture Capital funding grew 65% year-on-year to reach a record amount of SAR 650 million (equivalent to US $173 million) in the first half of 2021; this accounted for 14% of VC funding across the whole of the Middle East and North Africa region (according to MAGNitt). Fintech funding accounted for almost a quarter of all transactions, showing a growth of 1700% more capital year-on-year. In the same period, e-commerce funding declined by 54% in the Kingdom.
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The Ultimate Guide to Fintech in Saudi Arabia (KSA)
Explore how Saudi Arabia is fast becoming a regional leader in financial technology. This comprehensive guide from Lucidity Insights breaks down the growth of fintech in KSA—driven by Vision 2030, a youthful population, and strong government support. With digital payments, BNPL, and eCommerce surging, and players like STCpay, Geidea, and Tamara making headlines, discover market insights, investment trends, and regulatory shifts fueling a $33B fintech market. Ideal for investors, founders, and policy-makers tracking the Kingdom’s digital finance evolution.
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