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What Are The Most Funded Startups in Saudi Arabia?
Considering that 4 out of the top 10 funded startups in Saudi in 2022 were fintechs, and #1 Tamara and #2 stc pay each raised more than US$ 200 million, it comes as little surprise that fintech emerges as the most funded sector in the Kingdom. This is a trend seen around the globe, as fintech is considered the backbone infrastructure from which many other tech industries can commercialize and receive digital payments - from ecommerce to restaurant tech and delivery aggregators - fintech is always involved.
Related Report
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The Evolution of Saudi Arabia Startup Ecosystem 2010-2022
As the KSA Startup Ecosystem continues to evolve, this report serves as an indispensable guide for investors, entrepreneurs, and stakeholders eager to navigate its complexities. The first comprehensive overview of Saudi's startup ecosystem, its history, and its future. The Special Report hosts perspectives and insights from many of the country’s most active investors, highlights new investment trends, critical milestones hit by the Kingdom’s fast-growing startup ecosystem, and spotlights a handful of interesting startups coming out of the Kingdom. It is packed full of insights, data, and opinions from the thought leaders and market-makers in the Kingdom. Readers will gain a deep understanding of the unique factors driving Saudi Arabia's entrepreneurial spirit, the challenges faced by startups, and the opportunities that lie ahead. This report serves as an invaluable resource for anyone looking to navigate and invest in this vibrant and rapidly evolving market.
