Fintech startups have created quite a buzz in the region, raising over $100 million in the last five years. Investment in this sector is well warranted, considering the fact that traditional banks have had limited success in the region, where 70% of the population do not even have a bank account.
When it comes to financial inclusion, the main challenges that the region’s population faces are lack of knowledge and limited access to finance along with expensive and inadequate finances for small business. Many startups on our list are looking to address these market gaps.
https://www.forbesmiddleeast.com/en/list/top-20-fintech-startups-middle-east/
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