According to a report released last month by middle eastern media platform Wamda, Fintech startups located in the Middle East and North Africa (MENA) raised over $100 million over the last decade. Promising GrowthThe number of Fintech startups in the Middle East and North Africa has steadily grown over the last few years. In 2013 there were only 46; that number more than doubled by 2015 when there were a reported 105 fintech startups. Compared to other regions of the world, Fintech in the Middle East and North Africa is still in a very early stage, according to the report. Furthermore, the region is relative top-heavy with only 10% of the Fintech startups in the region accounting for the majority of investments and employees.

Source: The North Africa Journal April 23, 2017 12:00 UTC