KairosWealth’s Post

The latest installment of my 7-part series on the Saudi fintech ecosystem... In this note we consider Tabby & Tamara - two buy-now-pay-later unicorns, both of which are based in Saudi. We take a look at the primary institutions (i.e., SAMA, CMA, MoC, etc.) that are propelling growth in the Saudi fintech sector.

Saudi Arabia 🇸🇦 recent developments in the FinTech sector: ⭕️ Saudi Central Bank – SAMA releases the second Open Banking framework for Payment Initiation Service (PIS). And, licensed to three new Fintechs companies. ⭕️ The launch of the first addition of 24 Fintech, an outstanding event with 37K attendees, 350 speakers from 45 countries, 300 brands, 80 startups, and 550 investors. ⭕️ Saudi Central Bank – SAMA to enable Samsung Pay in Saudi Arabia in Q4, 2024. ⭕️ 1957 Ventures announcement of SAR 800M (USD 213M) venture capital fund to build and lunch FinTech companies. ⭕️ Tabby acquisition of Tweeq . In addition to many MOUs, agreements, and #partnerships among the #Regulators, #FinancialInstitutions, #FinTech, and technology providers during #24fintech event. #fintech #openbanking #partnerships Source: Saudi Central Bank – SAMA and 24 Fintech Post Credit: Saleh ALhammad

The #MENA region continues to emerge as a global hub for financial technology, driving transformative changes in payments, digital banking, and financial inclusion. Our founder and CEO, Nameer Khan, will be present at the 3rd Edition of the MENA FINTECH FESTIVAL, held from 3rd to 5th December 2024 at the Qatar National Convention Centre (QNCC). As part of a distinguished panel discussing “Overview of the Fintech Landscape in MENA”, Nameer Khan will share insights on the evolving #fintech ecosystem, addressing key challenges, cross-border collaboration, and the critical role of regulatory frameworks in fostering sustainable growth across the region. Panel Participants: ▪️ Nameer Khan – Founder and CEO, Fils | Chairman, MENA FINTECH ASSOCIATION ▪️Muhannad Ebwini – Founder & CEO, HyperPay ▪️ Safarudheen farook – CEO, Spendwisor Moderated by Maximilian Plank, this session promises to provide a comprehensive analysis of the sector, highlighting actionable strategies for industry stakeholders and exploring the next wave of disruption in financial services within MENA. Stay connected for insights and outcomes from this pivotal conversation. #Fils #Fintech #MENA #SustainableGrowth #greeneconomy #greenfintech #MENAFintechFestival #Qatar Nameer Khan | Ahson Saeed | Arshad Khan | Gaurav Dhar | Akshay Wason | MENA FINTECH ASSOCIATION | Bismah Shehzad | malaika khan | Humail Ali | MENA FINTECH FESTIVAL

Delighted to have attended the Summer Sessions 2024 from Fintech Saudi | فنتك السعودية It was a great opportunity to gain valuable exposure to the fintech domain and learn from industry experts about the latest innovations in the field. Feel free to explore the topics discussed during the sessions here: https://shorturl.at/FZKil #Fintech #FintechSaudi #FintechSummerSessions2024

🌟 Saudi Arabia: The Middle East’s Next Fintech Oasis 🚀 Ready to see how Saudi Arabia is leading the fintech revolution? From cashless payments to digital wallets, the Kingdom is setting new standards in financial innovation. 🌐💼 📖 Read our latest blog to explore: 🔹 The rise of the digital economy 🔹 Growth of digital wallets 🔹 The impact of Saudi Vision 2030 🔹 Thunes’ role in Saudi Arabia's fintech journey Learn more with Thunes 👉 https://lnkd.in/gTWV69TP #Fintech #SaudiArabia #DigitalTransformation #Vision2030 #Thunes

The number of fintech companies reached 224 by the end of Q2 last year, exceeding the initial target of 168 for that period. Discover key business opportunities and main trends set to play out in the Saudi fintech sector in 2025 in this article: https://lnkd.in/dNknRZNs #setupinsaudi #SAMA #CMA #Vision2030

Excited to discuss a topic that is so near and dear to my heart in one of the most important vertices that SCCC | Alibaba Cloud focuses on, join us on Thursday September 5th in #24Fintech.

KENJA CONSULTING LIMITED launches #crossborder #fintech #event series to bridge #UAE and #UK markets The event series, titled Fintech Futures: UAE-UK Connection, will commence in #Dubai in May next year and alternate between the UAE and UK throughout 2025-2026 The inaugural event will coincide with the Dubai FinTech Summit in May 2025, leveraging the presence of global fintech leaders and investors already gathering in the region. Subsequent events will align with major fintech conferences in both countries, including the FTT Fintech Festival in #London (November 2025) and #AbuDhabi Finance Week (November 2025). #Bridge #GlobalPayments #Remittance Source: Zawya

Join Velexa at 24 Fintech conference in Riyadh tomorrow for a 20 minute presentation around "Bridging the Investment Gap in Saudi Arabia". The session will be focusing on how WealthTech can help banks, brokers and wealth managers to navigate the evolving financial landscape. When: Wednesday, September 4th Time: 14:00 Where: Saudi British Joint Business Council UK stand (H2.F70) Saudi Arabia's financial sector is undergoing a a rapid digital transformation, with 76% of banking customers using digital platforms and 60% relying on online and mobile apps. Yet, only 21% of the population is currently investing. At Velexa, we believe in democratising investment and making it accessible to everyone. Join us for a presentation on our wealthtech vision and innovative technology that aims to bridge this gap. #24Fintech #SaudiArabia #Fintech #WealthTech #Investment #DigitalTransformation

The Arab Monetary Fund (AMF) and Bahrain FinTech Bay (BFB) have signed a memorandum of understanding (MoU) on the sidelines of Dubai Fintech Summit and the AMF Fintech events in Dubai. Under the deal, the two institutions establish a comprehensive framework for collaboration, spanning various critical areas, and how best to leverage their respective comparative advantages to address their shared vision towards building a robust and agile fintech ecosystem and making digital financial services work for financial inclusion and stability across the Arab region.