August 31, 2021

Top Fintech Apps In The Middle East

The companies on Forbes Middle East’s first list of the “Top 15 Fintech Apps In The Middle East” are helping customers make payments, remit money, borrow, and invest online. In total, they have been downloaded 9.5 million times and they processed around $6.9 billion worth of transactions in 2020. Six of the 15 companies are based in the UAE, followed by four in Egypt, three in Kuwait, one in Jordan, and one in Saudi Arabia.

Methodology

We sent out questionnaires to Middle Eastern Fintechs and the most well-known currency exchanges. We excluded Fintech apps owned by traditional banks and telecommunication companies.
We took into account:
• The amount of money executed through the app in 2020.
• Number of downloads and active users.
• Date of establishment.
• Where an app was part of a wider company, we only considered the app’s financial data, not the whole platform.