Mark Fitz
This article showcases our top picks for the best Arab World based Financial Services companies. These startups and companies are taking a variety of approaches to innovating the Financial Services industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovation
- Innovative ideas
- Innovative route to market
- Innovative product
- Growth
- Exceptional growth
- Exceptional growth strategy
- Management
- Societal impact
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Top Arab World Financial Services Startups
Data sourced from Crunchbase and SemRush.
Khazna
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A Financial Super App that offers easy to use, technology-driven financial services to Egypt’s underserved consumers and micro-businesses.
Paymob
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Paymob is a digital payments enabler for emerging markets, helping small and large enterprises accept payments online and in-store.
Cashew Payments
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Cashew is a payments platform that allows its customers to shop now and pay later in equal monthly installments.
African Development Bank
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African Development Bank operates as a multilateral development finance institution in Africa.
tabby
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Tabby is a Buy Now, Pay Later payments company allowing consumers to shop and pay in 4 installments at no cost.
Rain
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Rain is an operator and custodian of digital currency exchange intended to make digital transactions.
BitOasis
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BitOasis is a cryptocurrency trading platform offering a digital asset wallet and exchange to buy, sell, and trade.
Investcorp
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Investcorp is a provider and manager of alternative investment products, serving high-net-worth private and institutional clients.
Shuaa Capital psc
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SHUAA Capital psc is a leading asset management and investment banking platform, with c. US$14 billion in assets under management.
Lean Technologies
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Lean Technologies is a FinTech startup that develops a platform to provide access to consumer financial data.
Tarabut Gateway
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MENA’s first and largest regulated Open Banking platform (AISP & PISP) that connects a regional network of banks and FinTechs via API.
stc pay
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First licensed fintech company in Kingdom by SAMA, the largest digital wallet in the MEMA, and the first Saudi fintech unicorn startup
Thndr
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Thndr is a financial services company that operates an app-based investment platform.
Hubpay
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Hubpay is an independently regulated provider of cross-border money services designed to increase financial inclusion in emerging markets.
PayTabs
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World’s simple and trusted payments since 2014. PayTabs is an award winning, global, B2B online payments Solution Provider.
National Bank of Egypt
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National Bank of Egypt is a commercial bank that provides financial products and services.
Fawry
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Fawry is a pioneering Electronic Payment Network, offering financial services to consumers and businesses
MoneyFellows
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MoneyFellows is a collaborative money management and lending platform digitizing ROSCAs offering users competitive financial solutions.
Mubadala
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Mubadala is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for its shareholder.
NymCard
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NymCard is a cloud-based issuer processor enabling financial institutions to build virtual and plastic card programs for their customers.
NOW Money
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NOW Money uses mobile banking technology to bring accounts and remittance to the unbanked population of the Middle East.
Beehive
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Beehive connect businesses looking for finance with investors, building mutually beneficial partnerships for growth.
CoinMENA
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CoinMENA is a Sharia-compliant crypto-assets trading platform that buys, sells, stores, and receives digital asset’s safety and security.
Channel VAS
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The premium Fintech provider of Mobile Financial Services, Airtime Credit & Airtime Advance Services, Handset Loans and Big Data Analytics
First Abu Dhabi Bank
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FAB is the bank and financial institution that offers an extensive range of tailor-made solutions.
Abu Dhabi Commercial Bank
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Abu Dhabi Commercial Bank offers personal and business banking services to the customers.
Gulf Capital
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Gulf Capital is an investment firm with experience in Growth Markets across Private Equity, Private Debt, Growth Capital, and Real Estate.
Souqalmal
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Souqalmal is the leading financial comparison site in the Middle East with operations in Saudi Arabia, Bahrain and the UAE.
Ziina
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Ziina is bringing the next generation of financial services to the Middle East. Ziina is the UAE’s first peer-to-peer payment app.
Lendo
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Lendo is a fintech company that offers a peer-to-peer lending platform with core focus towards SMEs debt finance.
Global Ventures
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Global Ventures is a UAE-based international venture capital firm investing in founders and ideas across emerging markets.
Telr
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An award-winning, Dubai-based start-up offering payment gateway solutions.
Bank Of Africa
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Bank of Africa offers banking products for individuals, professionals, Moroccans living abroad.
Telda
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Telda is the easiest and fastest way to send, spend and save money.
QNB Group
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QNB Group is a government-owned commercial bank in Qatar.
Commercial International Bank
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CIB is a financial service company that strives to provide superior financial solutions to meet all customers’ needs.
Waha Capital
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Waha Capital’s principal investment and co-investment interests span various sectors, including aircraft leasing, offshore oil and gas
MNT-Halan
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MNT-Halan is a microfinance lending and payments company.
GFH Financial Group
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GFH is a dynamic financial investment group with a clear vision to develop a high growth.
Bank Muscat
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Bank Muscat is the leading financial services.
North Ladder
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North Ladder is a Real-time auction driven second hand marketplace facilitating access to quick cash for consumer assets.
Cassbana
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Cassbana uses AI to run a behavior-based credit scoring system, which determines individuals and businesses ‘ access to credit.
Doha Bank
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Doha Bank is one of the largest commercial banks in the State of Qatar.
Rasan
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Rasan is an insure-tech company that provides technical solutions to insurance brokerage and financial services sector.
African Export-Import Bank
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The African Export-Import Bank (Afreximbank) finances and promotes intra- and extra-African trade.
Klaim
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Klaim is an InsureTech platform offering a SaaS medical claim management and financing platform all in one.
Sympl
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Sympl is a company that provides buy now pay later service.
Smart Crowd
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Smart Crowd is an innovative real estate investment platform.
Hala
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Hala is a digital financial platform for your payments.
Lamaa
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Lamaa develops financial technology solutions to small and medium enterprises.
Saudi Arabia’s Public Investment Fund
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The Public Investment Fund (PIF) facilitates the development of the Saudi Arabian national economy.
SimpliFi
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SimpliFi is on a mission to democratize payments by building the leading Cards as a Service (CaaS) platform for MENA and Pakistan.
ADQ
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ADQ is a holding company with a diverse portfolio of major enterprises.
Qashio
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Qashio is a spend management platform that allows people to monitor costs, make payments with app credit cards, and handle payables.
National Bank of Kuwait
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The first indigenous bank and the first shareholding company in the entire Gulf region.
Tamara
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The leading Buy Now Pay Later provider in the MENA region
BECO Capital
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BECO Capital provides growth capital and hands-on operational support for early-stage technology companies.
Mala’a Technologies
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Mala’a Technologies is a finance management app that helps manage finances and provides recommendations on finances.
Raseed
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Raseed makes investing in the US Stock Market simple, easy and affordable.
Alaan
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Alaan is a multi-currency spend management platform enabling SMEs to digitise their business expenses.
Dawul
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Dawul is a platform that allows investors to share details of the financial status of their portfolios with other investors.
Dayra
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Dayra empowers companies to offer financial services to their unbanked gig-workers and customers.
Kashat
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Kashat is the first of its kind mobile app in Egypt designed to help micro businesses owners with small loans and other financial services
Wally
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The easiest and fastest way to manage your financial life in one place. Get clarity. Get smarter. Get in-control.
Xpence
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Xpence is the MENAP region’s first smart business spend platform for freelancers, startups, SMEs, and corporates.
MANAFA Capital
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MANAFA is an investment marketplace for innovative businesses regulated by the Saudi Capital Market Authority
AFS
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AFS provides card processing, merchant acquiring, online fraud monitoring and leading payment solutions to financial sectors.
liwwa
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liwwa is an intermediary that connects investors and small businesses.
PaySky
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Next-generation electronic payment solutions provider
Hakbah
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Hakbah is a Fintech startup focusing on an alternative financial saving.
SkipCash
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SkipCash is a mobile payment app that provides consumers and merchants with a convenient and enjoyable payment experience.
Funding Souq
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Funding Souq ia digital lending platform that connects investors with established SMEs that are seeking business loans.
Paynas
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Paynas is a digital platform that provides businesses with a tool to boost workforce management and payroll cards for their employees.
Qatar National Bank Alahli
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Qatar National Bank Alahli is an Egyptian financial organization that offers investment and commercial banking services.
Democrance
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Democrance is an insurance technology company that offers insurance and protection to the 99% uninsured population in the region.
Kamel Pay
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Kamel Pay is a fintech and digital financial solutions provider.
Zywa (YC W22)
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Zywa is the first neobank for teenagers in the Middle East and North Africa region
EmiSwap
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Decentralized Automated Market Making exchange with NFTs and ESW governance token
Nexta
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Nexta is a platform that allows users to transfer money and aggregate their existing payment cards into one Nexta card.
Invoice Bazaar
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Invoice Bazaar is a Fintech company that is focused on the financial inclusion of under-served Small and Mid-sized Enterprises (SME).
Go Rise
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Go Rise is a start-up building a financial services platform for migrants.
MadfooatCom
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MadfooatCom is a Jordanian P.S.C. company that provides online, real-time bill presentment and payment system.
Cashee
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Cashee provides a prepaid card and digital platform to kids and teens.
EdfaPay
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Edfapay is a fintech enterprise that provides smart & efficient payment solutions.
Housing Bank for Trade and Finance
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Housing Bank for Trade and Finance a public shareholding limited company with a capital amounting to half a million JD.
Remitex Technologies Ltd
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DIGI is a financial institution’s digital compliance officer.
Wamda Capital
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Wamda Capital is the MENA region’s leading venture capital firm investing in exceptional entrepreneurs.
Bringy
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bringy helps customer get and claim insurance services in minutes
Zoomaal
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Zoomaal is the leading crowdfunding platform in the Arab world.
Qoyod
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Qoyod is a comprehensive online accounting software for small and medium businesses.
Vneuron
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Vneuron provides Cloud and On-Premise Technologies for Anti Money Laundering (AML) and Digital Experience (DX/DXP).
FinFirst Capital
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The”” SuperApp for everything finance and money.
PAYMINT
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PayMint is a payment solution that allows businesses with an easy cashless payments and payroll management system.
Spare Payments
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Spare is an electronic payments business helping school campuses become cash-free.
Sanad Cash
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Sanad Cash helps employees relieve financial stress by getting them instant access to their salaries between paychecks.
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