Q1 2021 MENA Fintech Venture Investment Report
April 2021

The Q1 2021 Middle East and North Africa (MENA) Fintech Venture Report is one of MAGNiTT's flagship industry reports that takes a comprehensive look at the sector’s quarterly performance within the venture capital and startup ecosystems in the MENA region.

 

MENA Fintech Startup Ecosystem in Q1 2021 - Key Highlights

 

•  Fintech venture investments in MENA reached a three-year high in Q1 ‘21, rising 163% YoY and 70% from Q4 ‘20.

•  In KSA, the number of Fintech transactions more than tripled YoY, while total funding rose by a staggering 2000%.

•  UAE maintained its position as the regional Fintech hub as the largest number of Fintech startups (166) in MENA were based in the country as of Q1 ‘21.

•  The average MENA Fintech ticket size stood at $3.0M in Q1 ‘21. Fintech deals in both UAE and KSA averaged above this number.

•  Bahrain and Lebanon saw significant developments as the two largest Fintech deals came from these countries.

•  Almost every 5th active investor in MENA’s Fintech ventures was based in the United States of America.

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What’s in the report?

This quarterly report provides a thorough overview of MENA’s Fintech venture capital and funding investment space, and deep dives into specific updates on the following: 

A 5-year analysis of MENA Fintech venture funding evolution, with a focus on Q1 ‘21 country and industry performance benchmarks

MENA Fintech Top 10 investor ranking, together with the business type and HQ analysis of all firms in the region that have invested in Fintech startups

Top 10 Fintech startup funding rounds that were closed during the analysed period, as well as the ticket size split of the entire deal flow

Top 10 last exits in MENA-based startups within the Fintech industry

 


Who will benefit from the report?

The MENA Fintech Venture Investment Report is ideal for investors tracking startup activity, consultants looking to identify technology innovation trends, as well as government entities aiming to foster innovation in Fintech.


 

This report was created with data from MAGNiTT, a comprehensive directory of technology innovation trends. The platform provides the following analytics tools:

Investment directories, a comprehensive list of all startup venture funding across the Middle East, North Africa, Pakistan, and Turkey

Market Sizing Tools to visualize investment growth and trends across industries, geographies, and stage

Startup Resources including a deal flow tool for applications to leading Venture Capitalists for investment

Exit comparisons, looking at Mergers & Acquisitions from across the region

Sign-up for a demo to learn more about how our platform can help you make data-driven decisions.

 


*This report aggregates and analyses tech startup investments in 17 countries in the Middle East and North Africa - listed alphabetically: Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia (KSA), Syria, Tunisia, United Arab Emirates (UAE), and Yemen.

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Data Insights