Fintech grabs top spot in UAE startups – ZAWYA

Fintech grabs top spot in UAE startups – ZAWYA

Fintech grabs top spot in UAE startups | ZAWYA MENA Edition HomeBusinessTechnologyArticleFintech grabs top spot in UAE startups The top three sectors real estate, fintech and food & beverage are proving to be the hot segments to invest    The UAE's startup ecosystem has matured enough to display its resilience and this was evident in Covid-19 phase.Magnitt's H1 2020 Mena Venture Investment Report report - released today - reveals that the UAE continues to enjoy top spot as it received largest share of total funding as a result of several later-stage investments, followed by Egypt which ranks first by number of deals and Saudi Arabia which saw the largest percentage increase of 44 per cent in total funding from H1 2019 to H1 2020.The Mena startup funding in H1 2020 has already reached 95 per cent of full year 2019 as investors shift to later-stage deals. The top three sectors real estate, fintech and food & beverage are proving to be the hot segments to invest.Magnitt's H1 2020 Mena Venture Investment Report report - released today - reveals that the UAE continues to enjoy top spot as it received largest share of total funding as a result of several later-stage