Total Fundraising Raised by Vertical (USD Millions)
16 June 2022•
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The years 2018, 2020 and 2021 were the strongest fundraising years to date, with fundraised values in those years accounting for 83% of all fintech-related fundraising raised in the Kingdom to date. Funding is relatively equally disbursed between Corporate Funding (US $200 million), Series A (US $185 million) and Series B (US $152 million).
Payments and Currency Exchange Fintechs received the most funding to date, having raised more than $562 million (equating to more than 55% of all funding raised by Fintechs in Saudi); this is to be expected as Payments is the most mature fintech vertical established in the Kingdom.
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