By Lucidity Insights Research Team • April 15, 2025
Back in 2007, three visionaries in Tel Aviv had a bold idea—to make trading accessible to everyone, not just Wall Street insiders. That idea became eToro, a fintech pioneer that’s rewritten the rules of investing.
From CFDs to crypto trading, eToro has empowered millions with intuitive, user-friendly financial tools. Its game-changing OpenBook platform introduced Copy Trading, letting everyday investors mirror top-performing traders with a single click.
Fast-forward to 2023, and eToro raised $250M, hitting a $3.5B valuation, with a potential $5B IPO on the horizon in 2025. As it continues its global expansion, one mission remains clear—to democratize finance and make markets truly open to all.
The State of Fintech in the Middle East
With 1,500+ fintechs, $4.2B in 2023 funding, 7 IPOs, 30+ M&A exits, and the rise of unicorns and superapps, the Middle East’s fintech sector is transforming into a global powerhouse. Discover the key players, emerging trends, and market forces shaping the future of finance in MENAT.
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NeoBanks are reshaping finance with digital-only services, reaching a $198B market in 2024. The Middle East is emerging as a key hub for fintech innovation.
Saudi fintech is transforming fast—70% cashless transactions by 2023, 216 fintechs in action, and Geidea leading SME-focused payment innovation in the region.
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.
Discover the latest trends in MENAT Fintech for 2025, with 1,500+ startups, $4.2B funding in 2023, and 26 soonicorns. Watch the video trailer.
At the end of 2020, there were a total of 87 fintech unicorns globally. 2021 was a fintech breakout year, minting 119 fintechs in the first 9 months of 2021 alone.
Fintechs globally raised $131.5B USD of capital in a single year, posting nearly 150% growth since the last record-high year of 2018.