Thanks to initiatives such as Fintech Saudi, there’s been a 20-fold increase in fintech companies and over SR4 billion invested locally. By 2030, the goal is 525 companies and 18,000 jobs. Read the full piece here: https://lnkd.in/drWfKwnR #SovereignGroup #SovereignMENA #SaudiArabia #FintechSaudi #Fintech
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Saudi Arabia's fintech sector is on fire! The progress in driving financial inclusion rivals even the most developed markets as we see in this graph, which compares Fintech adoptions rates: https://lnkd.in/gZqH5JQc #corporate_cards #nqoodlet #fintechstartups
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Exploring the transformative power of FinTech in Saudi Arabia: Vision 2030's ambitious goals set the stage for a dynamic shift towards a 70% non-cash future by 2025, with a target of 525 active FinTech firms by 2030. This evolution is poised to inject 13 billion riyals into the GDP and create 18,000 jobs, heralding a new era of financial innovation and economic growth. For more info, contact us at capabilities@icg.co #InnovationConsultingGroup #SaudiArabia #SaudiVision2030 #FinTechRevolution #Finance #innovation #Tech
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🌟 What a Great Panel! 🌟 We had an insightful discussion on the impact of fintech in Saudi Arabia over the next 10 years. Exciting opportunities and innovations are ahead, and we’re proud to be part of the conversation shaping the future of finance in the Kingdom. Thanks to everyone who joined! 💬 #Fintech #SaudiArabia #FutureOfFinance #COGNNA #Seamless2024 #Innovation
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Growing fintech market✅ Rise in employment rates✅ Investment targets exceeded✅ Fintech Saudi | فنتك السعودية Annual Fintech report 2023 is out and is a testament to the thriving fintech ecosystem that's being built here in the Kingdom, bringing Vision 2030 to action. Click here to access the report: https://shorturl.at/FaN86 #24Fintech #BeyondBordersBeyondTime #ReimaginingFinancialServices
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Join us at 24 Fintech in Saudi Arabia! Showcase your innovations, connect with industry leaders, and explore new business opportunities. Don’t miss this chance to be part of the future of finance and technology. Contact us to register: +973 3387 9211 | info@globalconnexionsbh.com #24FINTECH #FintechRiyadh24 #SaudiFintech2024 #FintechFutureKSA #FintechRevolutionKSA
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Investment in the fintech sector has also seen a significant upturn. Between September 2020 and December 2023, over $1.14 billion was invested in Saudi fintech companies, with $791 million invested in 2023 alone, marking a 231% increase from the previous year. Looking ahead to 2024/25, the FinTech industry is poised for further significant developments. The launch of three new digital banks and the release of new regulations by SAMA and CMA are on the horizon. This period represents an exciting opportunity for involvement in the flourishing fintech landscape of Saudi Arabia. 🚀
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Kuwait's Fintech Landscape: A Growing Market Kuwait's fintech sector is growing rapidly. Explore promising startups like Boubyan Bank and Burgan Bank making waves in the financial services industry. #KuwaitTech #Fintech #Investment
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Saudi Arabia’s fintech sector has made significant strides as it nears its goal to become a regional financial hub. To date, more than SR4 billion ($1 billion) has been invested in local fintech companies, with over 100,000 individuals participating in related events and training programmes. The Vision 2030 goals include the establishment of at least 525 fintech companies by 2030, up from 200 in 2023, the creation of 18,000 fintech job opportunities, up from approximately 5,400 in 2023, contribute SR13.3 billion to the gross domestic product, a substantial increase from around SR3.75 billion in 2023, and achieve SR12.2 billion in direct venture capital contributions, compared to SR5.2 billion in 2023. Read the full article in the link below: https://lnkd.in/dMijk2Zm #gulfnews #ProPartnergroup #uaebusiness #ksa #business #ksabusiness #saudibsiness #saudiarabia #finance #vision2030 #saudivision2030 #fintech
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