Globally, $30.4bn was invested in FinTech in the first nine months of last year, Refinitiv and Qatar Financial Centre find.
In Brief:
A new report outlines global FinTech investment and highlights the potential for the MENA region.
Yearly investment has risen from $1bn in 2008 to an estimated $35.4bn.
While MENA accounted for less than 1% global investments in 2019, the figures from 2020 were more promising.
What does this mean?
The report outlined the breakdown of FinTech investment in MENA, as well as overall global growth, stating that the UAE and Bahrain have seen a large proportion of investment while Qatar hopes to accelerate development.
