In every fintech vertical assessed, fintechs have raised more capital in the first half of 2021 than they had in 2020 in total. In many cases, Q3 YTD fundraising values more than double the total amount fundraised for some verticals in 2020. The following chart showcases the leaps made by fintech verticals. Digital Payments and Digital Banking lead the way in fundraising, with $23.4 billion USD and $20.4 billion USD raised respectively.
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Shaping the Future of Fintech in MENA: Key Trends & Market Insights
The MENA region is emerging as one of the world’s most dynamic fintech frontiers. This Lucidity Insights report explores 19 MENA markets, spotlighting fintech hotbeds like Egypt, the UAE, and Israel. It provides deep analysis of market readiness, smartphone and internet penetration, and investment trends. With fintech unicorns rising and massive unbanked populations ripe for digital transformation, the report highlights opportunities across digital banking, BNPL, payments, and remittances. A must-read for fintech investors, entrepreneurs, and policy makers eyeing exponential growth in the Middle East and North Africa.