This market will attract annual growth of $125m until 2022

By AMEinfo


SOURCE : AMEinfo - This market will attract annual growth of $125m until 2022

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.

$106 billion worth of water projects coming to the GCC

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