The MENA fintech landscape is booming with over 800 fintech startups worth $15.5 billion
The Dubai FinTech Summit commenced at Madinat Jumeirah on Monday, under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Center (DIFC).
Organized by the DIFC, the Dubai FinTech Summit has attracted a host of industry stakeholders to explore the latest innovations and challenges in the rapidly evolving landscape of financial technology.
With over 8,000 decision-makers, 300 thought leaders, and 200 exhibitors in attendance, the Dubai FinTech Summit serves as a platform to showcase cutting-edge technologies and discuss their implications for the future of finance.
Exploring fintech’s growth
The global fintech sector is witnessing exponential growth. It will reach a staggering value of $608 billion by 2029, according to Mordor Intelligence. Against this backdrop, the Dubai FinTech Summit provides an opportunity to delve into the opportunities and challenges of this growing industry.
In particular, the Middle East and North Africa (MENA) region’s fintech landscape is experiencing a significant boom. With over 800 fintech startups worth $15.5 billion, according to dealroom.co, the venture capital landscape is also booming. Therefore, the Dubai FinTech Summit serves as a platform for startups, investors and industry leaders to leverage the region’s growing FinTech market and explore avenues for collaboration and investment.
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Fostering collaboration and investments
The Dubai FinTech Summit has attracted over 5,000 C-suite leaders from more than 90 countries. Moreover, it hosted over 1,000 investors and 150 speakers. The event has facilitated numerous strategic partnerships. It has also witnessed the signing of over 20 memoranda of understanding with global financial leaders. This further highlights its commitment to fostering collaboration and driving innovation in the sector.
As the Dubai FinTech Summit unfolds, it underscores Dubai’s position as a global hub for finance and innovation. With its conducive business environment, strategic location, and forward-thinking leadership, Dubai will play a pivotal role in shaping the future of fintech and driving economic growth in the region and beyond.
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