Egypt "Most Represented" in Forbes' Middle East’s Fintech 50 List

Taarek Refaat

Forbes Middle East revealed its list of the 50 most powerful Fintech companies in the region, which includes e-payments companies and open banking platforms, in addition to investment and savings applications.

Egypt is the most represented on the list with 13 companies, followed by the UAE and Saudi Arabia with 11 companies each, while all of them constitute 70% of the total classification.

Forbes stated that there were several factors adopted during the preparation of the list, including the value of financing from investors and venture capital companies, and the evaluation, in addition to the volume of transactions carried out by companies through digital channels in 2023, in addition to the numbers of active users and the extent of the service’s impact on individual consumers and companies, as well as About the number of countries in which each company operates, and the growth and expansion achieved during the past year.

FORBES Fintech 50 List

1. Wio Bank

2. Fawry for Banking Technology and Electronic Payments

3. Tabby

4. MadfoatCom for ePayments Company

5. PayTabs Group

6. Iraq Wallet For Payment (ZainCash Iraq)

7. Tamara

8. MNT-Halan