🧵 1. Just back from 24Fintech Conference in Saudi. Fintech is booming in the region, with Saudi Arabia aiming to be a hub for growth in the sector. #fintech
🧵 1. Just back from 24Fintech Conference in Saudi. Fintech is booming in the region, with Saudi Arabia aiming to be a hub for growth in the sector. #fintech
🧵 2. Saudi gov't targets 500 fintechs by 2030, already halfway there with 224. Regulatory sandbox by Saudi Central Bank aims to support fintech ecosystem.
🧵 3. Startups like Tamara and stc pay making waves in Saudi's fintech sector. The emergence of unicorns and upcoming IPOs hint at a growth phase.
🧵 4. Saudi's young, tech-savvy population and high smartphone penetration make it a target for fintech players. Two BNPL unicorns thriving in the market.
🧵 5. Startup concentration and exits on the rise in Saudi's fintech ecosystem. The Kingdom's potential as a hub for MENA fintech expansion is clear.
🧵 Read more at: https://www.forbes.com/sites/alexlazarow/2024/09/10/fintech-at-the-frontier-48-hours-at-24fintech/