Saudi Arabia's Unicorns: Fintechs are Hitting the Status
05 November 2024•
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Saudi Arabia’s unicorn landscape has expanded rapidly, highlighting the country’s growing role as a tech and innovation hub in the Middle East. Key players such as Noon, STC Pay, Jahez, Tabby, and Tamara represent various sectors, from e-commerce and fintech to food delivery.
The latest honorary mention is Rasan, a Saudi-founded insurance platform, which hit a valuation of US $1.2 billion following its IPO in October 2024.
Saudi Arabia’s unicorns exemplify the nation’s dedication to fostering homegrown tech companies and attracting international players.
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