Industry Map: FinTech Ecosystem in Saudi Arabia
A convergence of global and local factors have turned Saudi Arabia into a market ripe for FinTech innovation. FinTech is growing globally and the opportunity for digital financial services in MENA is particularly strong. As such, economies that are able to capture information regarding their Finlech sectors, as well as analyze and diagnose their challenges, will be able to capitalize on new opportunities for FinTech innovation.
69%
of fintechs have full proprietary development of their technology.
41%
of the Saudi companies surveyed have international operations.
29%
of The FinTech workforce has female participation.
74%
of Saudis have used at least one FinTech solution.
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