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

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

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.

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.

I just registered to attend #24Fintech! From 3-5 September in Riyadh, Saudi Arabia. Join me at the fintech movement uniting the global ecosystem and meet with 26,000+ attendees, discover the latest fintech trends from 300+ global brands and hear insights from 200+ fintech experts. Register for your complimentary ticket now: https://lnkd.in/gSqvS-Gq #24Fintech #BeyondBordersBeyondTime #TechMantra #DigitalTransformation #DataAnalyticsAI Looking forward to it!

A recent report underscores the remarkable growth trajectory of Qatar's Islamic fintech market. It reveals that the country hosts 24 of the global 417 identified Islamic fintech firms, ranking sixth globally. Moreover, the GIFT index positions Qatar as the eighth most conducive ecosystem for Islamic fintech, demonstrating the nation's commitment to fostering innovation and industry development. #qatar #doha #didyouknow #facts #development #fintech #market