Year on Year Fintech Funding by Growth Stage (In USD Million) for Key Middle Eastern Markets (2018-2024)

This would be considered the ‘Data Dump Goldmine' that helps us understand the maturity of different Fintech markets, and key trends across the highest performing Middle East markets over the past six to seven years. It tells us that in early-stage Fintechs, average funding deal sizes have increased over time across all key markets in the Middle East. For growth stage funding rounds, different countries have peaked deal sizes at different times - but most saw 2023 as a highlight year.

Late-stage investments vary across the board, as Israel has an older, more developed sector, while some key UAE-based later-stage Fintechs have opted to move their headquarters to KSA to attract financing and seek out IPO exits. Egypt and Turkey seem to be in too early its startup ecosystem development to have any late-stage Fintech funding rounds, showing us that every country has a different definition to “nascent stage”.