There was a 31 percent increase in unique investors in the fintech market in Mena during the first half of 2024. But there was a distinct lack of “mega-deals”.
Gautam Jain, head of investments at SC Ventures, told AGBI that he believes this is a good thing for the future of the market.
“People were throwing money at these fintechs at valuations which were actually quite mind-boggling,” he said.