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Evolution of Saudi Arabian Fintech Companies, Assets, and Revenue (2018-2022)
The Saudi fintech sector generated a total revenue of SAR 2.8 billion (equivalent to $747 million USD) in 2022, up from SAR 2 billion ($533 million USD equivalent) in 2021, and held total assets of SAR 6.8 billion ($1.81 billion USD equivalent), a slight increase from SAR 6.5 billion ($1.73 million USD equivalent) the previous year. Furthermore, the fintech sector now employs 2,858 professionals.
By 2030, the Kingdom has pledged to create 18,000 fintech jobs in the country, by being home to 525 fintech companies, which is expected to directly contribute $3.55 billion USD to Saudi's GDP, after a cumulative VC investment of $3.25 billion USD.
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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.
