How big is the Saudi Arabia Fintech Market?

The Saudi Arabia Fintech Market size is expected to reach USD 63.90 billion in 2024 and grow at a CAGR of greater than 6.07% to reach USD 87.14 billion by 2029. Read More

What is the current Saudi Arabia Fintech Market size?

In 2024, the Saudi Arabia Fintech Market size is expected to reach USD 63.90 billion. Read More

Who are the key players in Saudi Arabia Fintech Market?

Rasanah Technologies LLC, Lendo, SURE, Foodics and Sulfah (Consumable Micro-lending) are the major companies operating in the Saudi Arabia Fintech Market. Read More

What years does this Saudi Arabia Fintech Market cover, and what was the market size in 2023?

In 2023, the Saudi Arabia Fintech Market size was estimated at USD 60.02 billion. The report covers the Saudi Arabia Fintech Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Fintech Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the recent developments in the Saudi Arabia Fintech Market?

The recent developments in the Saudi Arabia Fintech Market are a) The issuance of licenses to new fintech companies by the Saudi Arabian Monetary Authority (SAMA) b) The launch of digital banking services by major banks like the National Commercial Bank (NCB) Read More

What are the key segments of the Fintech Market in Saudi Arabia?

The key segments of the Fintech Market in Saudi Arabia include a) Technology: API (Application Programming Interface), AI (Artificial Intelligence) and Blockchain b) Application: Payment, Loans and Insurance c) End-users: Banking, Insurance and Securities Read More

Saudi Arabia Fintech Market Report | Industry Growth, Size & Forecast Analysis

Fintech Market in Saudi Arabia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Fintech Companies in Saudi Arabia. The Market is Segmented by Service Proposition (Money Transfer and Payments, Savings and Investments, Digital Lending & Lending Marketplaces, Online Insurance & Insurance Marketplaces, and Others). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Saudi Arabia Fintech Industry Overview

The Saudi Arabia fintech market is fragmented. The market is witnessing partnerships with local banks and international fintech companies to create diverse activities in the country. Market players are working together to encourage innovation and experimentation, building a solid and inclusive fintech ecosystem that can support long-term growth. The major companies in the market are Rasanah Technologies LLC, Lendo, SURE, Foodics, and Sulfah.