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Saudi fintech investments top $340m in 12 months

Saudi Arabia’s financial technology sector grew at an accelerating pace over the past 12 months, as the number of fintech companies increased by 37% and investments topped SR1.3 billion ($347 million), said Fintech Saudi in a new report. ....

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SR1.3b invested in financial technology sector over the past 12 months: Fintech Saudi

The financial technology sector in the Kingdom during the year 2020/2021 witnessed a remarkable growth and development, she said, adding that the clarity in legislation and regulations has led to attracting more investments to the financial technology sector, which leads the growth of this sector. ....

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