Lucidy Insights – State of Fintech in the Middle East, 2025

Summary

The main theme of the report is the development of the fintech sector in the Middle East, which is transforming into a global force with more than 1500 fintech companies, attracting $4.

2 billion in funding in 2023, 7 IPOs, and over 30 mergers and acquisitions. The report examines key players, new trends, and market forces shaping the future of finance in the MENAT region (Middle East, North Africa, and Turkey). It also discusses factors facilitating and hindering fintech development in the region, providing examples of successful companies and initiatives such as Tabby and Geidea.

Region: Middle East

Published: May 2025

Author(s): Lucidy Insights

Language: English

Tech drivers: AI Big Data Analytics Blockchain Cybersecurity and privacy Mobile Robotics Social Media Standards and interoperability

Social drivers: Pandemics

Geopolitical drivers: Economic conditions Political instability and conflicts Regulatory changes Workforce availability

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