MENA Fintech investment reaches record highs as Fintech surge approaches

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UAE

MENA Fintech investment reaches record highs as Fintech surge approaches

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DUBAI: If you’re in the tech space in the Middle East, the chances that you’ve heard of Gitex before are quite high. As one of the biggest tech events in the region, it’s been held successfully in Dubai for the last two decades. Getting bigger and better every year, this year's DWTC will be expecting over 100,000 people to attend. Gitex is made up of seven separate events running simultaneously over the week, but the event many global brands are most interested in is Fintech Surge, as industry leading advisory brands such as Deloitte predict the value of the MENA Fintech market is set to reach over $3.5 billion.

The fintech scene in the MENA region is booming, with H1 market reports showing record funding raised, surpassing $815,000,000 to date, and showing no signs of slowing down. Ahmad Alwazzan, EVP at Tap Payments Middle East, states, “The combination of dynamic government initiatives, such as the Dubai Metaverse Strategy and Saudi Arabia’s Vision 2030, coupled with one of the most youthful regions in the world, has made MENA a powerhouse of innovations and start-ups. There is a thriving energy in the Middle East that we see in both Tap Payment’s internal teams