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2019 MENA FinTech Venture Report

2019 MENA FinTech Venture Report
in collaboration with MAGNiTT

The in-depth report, a first of its kind for the region, includes a deep-dive into the financial technology (FinTech) industry across the Middle East and North Africa with a key focus on start-ups and venture capital funding. Through data-driven insights, the report delves into key trends in the regional FinTech industry, including venture investments, successful exits, FinTech growth drivers, sub-industries, country comparisons, international benchmarks and success stories.

Key highlights of the report:

  • FinTech has received 181 investments over 5 years, accounting for 10% of all venture investment deals across MENA
  • FinTech ranked 1st of all industries across MENA by number of venture investments in both 2018 and 2019 YTD
  • Payments & remittance start-ups are the top sub-industry within FinTech, accounting for 45% of all FinTech deals in 2019 YTD
  • The United Arab Emirates (UAE) is the largest FinTech hub by FinTech start-ups (46%), as well as number of deals (47%) and total funding (69%) in 2019 YTD
  • Regional demographics, accelerator programs, and government support through sandboxes and funds propel FinTech start-ups’ growth
MAGNiTT and ADGM will be at FinTech Abu Dhabi from 21 - 23 October, where they will be sharing a printed summary with all attendees.