At the end of 2020, there were a total of 87 fintech unicorns globally. 2021 was a fintech breakout year, minting 119 fintech in the first 9 months of 2021 alone.
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Fintech giant eToro has reshaped trading across the Middle East and beyond through CFDs, social investing, & crypto, securing $250M & eyeing a $5B IPO by 2025.
Buy Now Pay Later is reshaping spending in the Middle East, and Tabby is leading the charge—$1.5B valuation, a Saudi IPO, and a trillion-dollar market ahead.
Egypt, Iran and Algeria are MENA's most populous countries, with a combined population of 230 million.
The UAE, Israel and Qatar enjoy political stability, economic prosperity, and social cohesions that rank these states as safer and more secure than the United States on the Fragile States Index.
Fintechs globally raised $131.5B USD of capital in a single year, posting nearly 150% growth since the last record-high year of 2018.
Fintech adoption around the world has been consistently doubling every two years since 2015, with emerging markets leading the way.
Emerging Markets have been dominating in terms of global fintech adoption, whereas only 3 developed markets are in the top 10
All four quarters beating any previous years’ quarterly fundraising results and with Q4 being the largest quarter ever reaching $37.8 billion.
Digital Lending was the fastest growing vertical in fintech fundraising. All except two verticals reached triple digit growth that year.
The largest segment of fundraising deal sizes in Saudi's fintech market is $1 million to $10 million USD
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