The Growth of Fintech Startups in MENA
In the Middle East and North Africa (MENA), the home of oil and Arab princes, the fintech sector is penetrating its roots in the country. Over the past decade, fintech startups in MENA region have raised over $100 million total funding, which is expected to get double by the year 2020.
The net funding raised by these fintech startups in the year 2017 is $24 million alone, an increase of 13percent on the $18 million in disclosed investments in 2016. Among these it PayTabs raised the highest funding of $20 million last year, a fintech startup that provides business solutions to online businesses across the globe. Adding to the sector, YallaComapare (former Comareit4Me) raised a funding of $3.5 million and $1.46 million investment received by Now Money.
Among the latest happenings in the fi...