Report reveals six key fintech innovations for MENA: MetLife Foundation – ZAWYA

Report reveals six key fintech innovations for MENA: MetLife Foundation – ZAWYA

The report by leading fintech accelerator Village Capital, titled "The State of Financial Health Startups", makes the case for regulators and investors to support the efforts of early stage firms in these six key areas.. Smart investing is key to a successful retirement, but most investment management firms in Mena have high fees, and only work with wealthy clients.. Financial health startups such as Rumman (Palestine) or SmartCrowd (UAE) are democratising access to investment services and unlocking assets for people in the region.. Financial health startups such as Kader (Jordan) and Khtwteen (Egypt) are creating systems that support organisations and job seekers, making it easier for people to find employment and the stability needed to become financially healthier, and gain access to insurance and credit.. Financial health startups such as Hawiyati (Jordan/US) and Valify Solutions (Egypt) are creating tech-based solutions to create digital identities for individuals and displaced populations.. Financial health startups such as Finllect (UAE) and Merakido (Egypt) are offering financial literacy through mobile phones and technology, helping people manage their money more effectively.. Financial health startups such as Fawaterak (Egypt) and Fundbot (Lebanon) present a considerable opportunity to increase access to traditional finance for these small businesses..