MENAT Startups Which Have Raised More Than US $100 Mil

The MENAT region is home to 26 fintech soonicorns—startups that have raised over US $100 million each, signaling their potential to become unicorns. Collectively, these companies have secured US $9.3 billion in funding, with the largest share going to paytech, money transfers, and remittances (41%). Other well-funded fintech sub-sectors include superapps (15%), wealth and investment startups (13%), and lending (11%), showcasing the region’s appetite for financial innovation.

Israel leads the pack with 14 fintech soonicorns, representing 34% and raising a combined US $3.18 billion. However, Saudi Arabian fintech startups have almost matched the total funding with only four firms securing US $3 billion, reflecting the scale of opportunity in the Kingdom’s market.

The UAE follows closely behind, with four fintech firms raising US $1.67 billion, while Egypt, Bahrain, and Algeria also have high-growth startups in the sector. With a growing focus on digital finance, these soonicorns are well-positioned to drive the next wave of fintech innovation across MENAT.