Saudi Arabia’s first forays into fintech have yielded rapid success. More than $400 million was invested in fintech in 2021 and the Fintech Saudi ecosystem now counts over 100 firms including scaleup successes that are expanding their footprint across the region.
This early success is earning an innovation dividend – helping the ecosystem to expand by inspiring investors and innovators and improving the country’s international standing: Riyadh was the region's fastest growing fintech ecosystem across the MENA region in 2021.
Despite the success so far ‘1,000 flowers’ cannot bloom unaided. As ecosystem economies become the standard for the digital age, winning ecosystems are navigating roadblocks from digital inclusion and financial literacy, to regulation, and access to talent and capital to let fintech deliver on its potential. And Saudi Arabia is no different.
As the Kingdom accelerates economic transformation to meet the goals of the Vision 2030 economic plan, join us at 5.30pm on 6 February 2023 at Fintech Saudi in Riyadh for an invite-only gathering of fintech stakeholders, innovators and financial institutions and interactive dialogue on scaling the ecosystem to help define the Kingdom’s economy and its vision of itself in the decade ahead.
We’ll be hearing how fintech is at the heart of the Kingdom’s digital transformation, the opportunities for innovators and investors in the region’s largest economy and discussing the role that ecosystems and next generation financial services can play in tomorrow’s cities.
Read the entire feature in MEA Finance March 2023 issue here: https://bit.ly/3T8wLeE
- Renier Lemmens, Geidea
- Mohammed Nikkar, Arthur D Little
- Nezar AlHaidar, Fintech Saudi
- Sagar Shah, Fintech Saudi
- Abdulmajeed Alsukhan, Tamara
- Mehdi Fichtali, Finamaze
- Simon Hardie, Findexable
- CMA (Observer)