The current MENA Financial Technology (FinTech) market is estimated at $2 billion and expected to witness an annual growth of $125 million until 2022, according to MENA Research Partners (MRP), a leading research company in the region.
Increasingly compelling business models of FinTech are expected to drive the market growth further.
Anthony Hobeika, Chief Executive Officer at MENA Research Partners (MRP), says: “In the last six years, the landscape of significant funding players has been changing.
This has supported the proliferation of new FinTech startups: with six startups founded in 2005, the figure is expected to reach 252 by 2020.
In the early day