Top Fintech VC Investors (2018-Oct 2024 Overall)

The region is rich in Fintech investors, whether they are incubators and accelerators or venture capitalist players investing in the Middle East, Africa and Turkey’s Fintech scene from here or abroad. Of course, incubators and accelerators that have set themselves up regionally - players like 500 Global, Techstars, Plug and Play, and Flat6Labs tend to have higher investment numbers by the nature of their structure, and the volume of startups going through their programs annually. Even Silicon Valley’s Y-Combinator has made 30 investments in Middle East Fintechs amounting to over US $250 million collectively over the past 6+ years.

When we look at all investments made from 2018 to Q3 2024, the heaviest hitter for regional Fintech investments is STV out of Saudi Arabia, who has invested over US $924 million across 16 regional Fintechs; this comes as no surprise, as STV is one of the few later stage investors in the region, investing only in startups that are at the Series B stages or higher which always has larger ticket sizes. Abu Dhabi’s Shorooq Partners follows close behind STV with US $879 million invested across 24 regional Fintechs largely across Seed to Series A cheques. Dubai’s MEVP falls in a distant 3rd place, when you look at investment amounts at US $374 million across 17 Fintech deals, as a largely growth stage investor in the Series A category.