Dastak Invites You to Explore KSA's Fintech Revolution With Us and Discover Growth and Opportunities Like Never Before
Dear Esteemed Leaders in #Sales, #Marketing, #Revenue, #Tech, #OpenBanking #Fintechs, and #Finance,
We're thrilled to share a personal account of our journey through the vibrant fintech landscape of the Kingdom of Saudi Arabia (KSA), particularly our participation in the recent Seamless Arabia 2023 event.
This experience was astonishing to learn more about the incredible opportunities unfolding in the world of finance and technology at KSA, and we're excited to invite you to be part of it.
Seamless Arabia 2023: Where Fintech Dreams Take Flight
Imagine a gathering of professionals, all converging in one place to explore the future of fintech. That's what Seamless Arabia 2023 offered—an event that exceeded our expectations in terms of innovation, collaboration, and sheer energy. We had the privilege of joining this dynamic event as the only Pakistani startup as an exhibitor out of 300 privileged startups, where a staggering 45,000 attendees registered to attend with 24,102 unique attendees onsite, from 106 countries with 603 sponsors and exhibitors showcasing over the 2 days.
Dastak’s CEO Mohsin Termezy also hit the floors and joined the top of the heap. In Seamless KSA 2023, more than 370 speakers shared their insights and aspirations while addressing the challenges and opportunities of the Fintech emerging markets.
Check out Dastak’s engagement in Seamless Arabia 2023 here
KSA's Fintech Ecosystem: A Thriving Frontier
The fintech revolution in KSA has been nothing short of remarkable. In just a year, the number of fintech firms doubled, soaring to over 200 by August 2023, from a mere 89 in 2022. The fintech companies operating in KSA have surged from 51 in 2021 to an impressive 153 in 2023, marking a phenomenal 300% growth. Even more exciting is that fintech revenues in the Kingdom reached SAR 2.8 billion in 2022, up from SAR 2 billion in 2021.
Join Us in Thriving KSA's Fintech Ecosystem
We want to extend a personal invitation to all of you to be part of this incredible journey. KSA's fintech landscape is evolving rapidly, and your expertise, insights, and collaboration can play a pivotal role in shaping its future.
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As the Saudi Central Bank focuses on establishing KSA as a global fintech leader, with events like Seamless KSA, it is instrumental in strengthening your business positioning starting from KSA and spreading across the MENAPT market.
Our networks and expertise can build bridges with global strategic partners and fintech hubs in boosting KSA's fintech impression and attracting valuable collaborations.
Exploring the Future Together
The growth of digital payments in KSA, the vision of a cashless society, and the focus on financial inclusion are all exciting developments. The Financial Sector Development Program (FSDP) is at the forefront of these changes, with a goal to onboard 1,000 fintechs and an eye on key trends like open banking, tech advancements, ESG guidelines, and insurance sector automation.
At Dastak, we're not just spectators;
we're active participants in this journey.
We're ready to provide our open API platform and data aggregation capabilities to support incumbent banks and fintech or tech-fin companies in MENAPT as they drive the financial revolution forward.
Let's Connect and Innovate
If you're curious about how your organization can benefit from this fintech wave in KSA, or if you're looking to explore growth opportunities in the sector, we invite you to connect with our open banking and embedded finance consultants for the MENAPT region.
In closing, KSA's fintech landscape is brimming with promise, and together, we can unlock its full potential. We look forward to connecting with you and working together to drive innovation and financial inclusion in this thriving market.
Warm regards,
Team Dastak