How many total FinTech companies are there in GCC?

As of May 2026, GCC has 2090 active FinTech companies.

How many FinTech companies in GCC are funded?

As of May 2026, 601 companies have received funding in this sector.

What is the total funding raised by FinTech companies in GCC?

FinTech companies in GCC have collectively raised $12.3B in funding till date.

Who are the top investors in FinTech companies in GCC?

The top investors in FinTech companies in GCC by number of investments are Plug and Play Tech Center and Speedinvest.

Which is the highest funded FinTech company in GCC?

As of May 2026, Tabby has raised $604M in funding, highest among the funded FinTech companies in GCC.

How many FinTech unicorns are there in GCC?

GCC has produced 4 unicorns in the FinTech sector till date.

List of 2,691 FinTech Startups in GCC & Market Trends (May 2026)

The FinTech sector in GCC comprises 2.69K companies, including 601 funded companies having collectively raised $12.3B in venture capital money and private equity. Out of these, 156 are Series A+ funded, and 4 have achieved unicorn status.

FinTech sector in GCC has seen 52 acquisitions and 18 IPOs.

This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.

FinTech sector is also known as BFSI Tech.

Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.

Key Metrics

Total Companies

2.69K

Top Companies

Tabby, HyperPay & more

Total Funding

$12.3B

Funded Companies

601

Series A+ Companies

156

Series C+ Companies

Unicorns Created

IPOs

Acquisitions

Also known as

BFSI Tech

View complete details of this sector

There are 2,691 FinTech startups in GCC which include Tabby, HyperPay, Lendo, Hala, BitOasis. Out of these, 601 startups are funded, with 156 having secured Series A+ funding, and 4 achieving unicorn status.

Over the past 10 years, an average of 190 new companies have been launched annually. Notably, several of these startups have been founded by alumni of INSEAD, London Business School (LBS) and BITS Pilani.

1. Tabby

Provider of purchase financing solutions for businesses. The platform enables users to purchase from multiple online stores and allows to repay the amount in equal installments. It offers a credit card offering buy now pay later loans with installment-based repayment options. It allows users to split purchases into four interest-free payments, both online and in-store. The platform also offers shopping assistant that lets users discover and track products, brands and deals in the application.

Key facts about Tabby

Founded Year: 2019
Location: Dubai (United Arab Emirates)
Stage: Series E
Total Funding till date: $604M
Investors: STV, Peak XV Partners and 28 Others
Latest Funding Round: Series E, Feb 12, 2025, $*****
Tracxn Score: 83/100 What is this?
Competitors Rank: 1 of 20 Competitors

2. HyperPay

Provider of payment solutions and financial services for businesses. It provides solution such as international payments, checkout, bill payments, payout, and more . The service also includes analytics with payment transactions, multi-currency payment options, and more.

Key facts about HyperPay

Founded Year: 2014
Location: Riyadh (Saudi Arabia)
Stage: Series B
Total Funding till date: $36.7M
Investors: Mastercard, Mad'a Investment and 7 Others
Latest Funding Round: Series B, May 26, 2022, $*****
Tracxn Score: 74/100 What is this?
Competitors Rank: 3 of 32 Competitors

View full list of companies in this sector

3. Lendo

Online platform for invoice financing. It offers a P2P marketplace that connects businesses and investors for financing unpaid invoices. Businesses can register and upload the invoices, the request is sent to multiple investors. Once approved, the funds are transferred to the registered bank account. It features real-time alerts on bankable investments to investors.

Key facts about Lendo

Founded Year: 2019
Location: Riyadh (Saudi Arabia)
Stage: Series B
Total Funding till date: $35.2M
Investors: Sanabil, Impact46 and 7 Others
Latest Funding Round: Conventional Debt, Jan 30, 2025, $*****
Tracxn Score: 69/100 What is this?
Competitors Rank: 1 of 8 Competitors

4. Hala

Halalah is an app-based wallet for consumers and business payments. It features a mobile payment platform for consumers & businesses to offer services such as deposit accounts, online/offline payment, money transfers, mobile recharge, and more. It also offers a marketplace to users for purchasing vouchers and digital products. It can be accessed through the app that is available on iOS and Android devices.

Key facts about Hala

Founded Year: 2018
Location: Riyadh (Saudi Arabia)
Stage: Series B
Total Funding till date: $168M
Investors: TPG, Sanabil and 20 Others
Latest Funding Round: Series B, Sep 15, 2025, $*****
Tracxn Score: 69/100 What is this?
Competitors Rank: 24 of 2,437 Competitors

5. BitOasis

BitOasis provides an online exchange platform for cryptocurrencies. It features a multi-signature bitcoin wallet that enables consumers to buy, sell, and store Bitcoins. Their core offering is a bitcoin wallet, that can also be used to send and receive bitcoins. Its app is available for both Android and IOS devices.

Key facts about BitOasis

Founded Year: 2015
Location: Dubai (United Arab Emirates)
Stage: Acquired
Total Funding till date: $40M
Investors: Jump Capital, Digital Currency Group and 19 Others
Latest Funding Round: Series C, Aug 25, 2023, $*****
Tracxn Score: 69/100 What is this?
Competitors Rank: 14 of 4,437 Competitors

Access the full list of 2,691 FinTech Startups in GCC

Companies founded year-on-year in the FinTech sector in GCC

364 FinTech startups in GCC were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	-
2025	22
2024	124
2023	251
2022	357
2021	364
2020	255
2019	178
2018	210
2017	145

Stage-wise distribution of FinTech sector companies in GCC

Out of the total 2,691 FinTech companies in GCC, 601 have secured funding. Among them, 156 have reached Series A or higher, and 100 to Series B or beyond.

Founded - 2,691

Funded - 601

Series A+ - 156

Series B+ - 100

Series C+ - 79

Company Stage	No. of companies
Founded	2,691
Funded	601
Series A+	156
Series B+	100
Series C+	79

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Total funding year-on-year in the FinTech sector in GCC

The FinTech sector in GCC saw a total funding of more than $10.8B in the last 10 years. The most amount of funding was in 2025 at more than $4.61B.

Total Funding

Year	Total Funding
2025	$4.61B
2024	$1.19B
2023	$2.57B
2022	$1.09B
2021	$595M
2020	$295M
2019	$40.8M
2018	$308M
2017	$104M

Recent Funding Rounds in FinTech in GCC

In the year 2025, till November 2025, FinTech companies in GCC have raised $769M in equity funding across 56 rounds. In the same period last year (i.e. till November 2024), FinTech companies in GCC had raised $385M across 77 rounds. So, 2025 has seen a 99.87% rise in funding in FinTech companies in GCC as compared to 2024.

Here are some recent, important funding rounds in FinTech companies in GCC:

Company	Round Raised	Amount Raised	Funding Date	Investors
Ghanem	Series A	3150	Nov 16, 2025	Alromaih Group
Najeeb	Seed	1522	Oct 28, 2025	-
Klaim AI	Series A	7318	Oct 27, 2025	Claritev
Stake	Series A	4388	Oct 23, 2025	Property Finder
TABsense	Series A	7352	Oct 22, 2025	Jasoor Ventures

See a more detailed list of funding rounds

Plug and Play Tech Center is the top investor in FinTech companies in GCC based on number of companies invested.

Here are some top investors in FinTech companies in GCC:

Investor	Location	Top Portfolio Companies
Plug and Play Tech Center	Sunnyvale (United States)	Huspy, Qashio, penny and Wellx
Speedinvest	Vienna (Austria)	Pemo and Kema
Morningstar Ventures	Dubai (United Arab Emirates)	-
VentureSouq	Dubai (United Arab Emirates)	Tabby, Mozn, Huspy and Sarwa
General Atlantic	New York City (United States)	Network International

See a more detailed list of investors

In the year 2025, till December 2025, 6 acquisitions happened in FinTech sector in GCC. Last year, in 2024, a total of 14 acquisitions happened in FinTech sector in GCC.

Here are some recent, important acquisitions in FinTech sector in GCC:

Company	Acquisition Type	Acquisition Date	Acquirers
Peko	Business Acquisition	Dec 24, 2025	IHC
CoinMENA	Business Acquisition	Dec 05, 2025	Paribu
Funder.ai	Business Acquisition	Jul 16, 2025	IHC
Smart Crowd	Business Acquisition	Jul 09, 2025	Nawy
Everdome	Business Acquisition	Jun 13, 2025	Hokoworld

See a more detailed list of acquisitions

Acquisition trends in FinTech sector in GCC

Here are the acquisition trends in FinTech sector in GCC:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	6
2024	14
2023	7
2022	11
2021	5
2020	1
2019	1
2018	2
2017	4

In the year 2025, till November 2025, 2 IPOs happened in FinTech sector in GCC.

Here are some recent, important IPOs in FinTech sector in GCC:

Company	IPO Date	Exchange Symbol
Optasia	Nov 04, 2025	Johannesburg Stock Exchange (JSE)
Derayah	Mar 10, 2025	Saudi Stock Exchange (TADAWUL)
Rasan	Jun 13, 2024	Saudi Stock Exchange (TADAWUL)
Phoenix Group	Dec 05, 2023	Abu Dhabi Securities Market (ADSM)
Al Ansari Exchange	Apr 01, 2023	Abu Dhabi Securities Market (ADSM)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the FinTech in GCC

Most number of FinTech startups in GCC have been founded by alumni from INSEAD, London Business School (LBS) and BITS Pilani.

College	No. of companies
INSEAD	20
London Business School (LBS)	13
BITS Pilani	12
London School of Economics and Political Science	10
Stanford University	9
Harvard University	7
University of Warwick	7
University of Manchester	6
University of Pennsylvania	6
Columbia University	5

Total funding in FinTech companies founded by alumni from top colleges in GCC

In the last 10 years, Harvard University graduates' FinTech companies in GCC have raised the most funding among top colleges. Harvard Business School alumni are second, and Duke University alumni are third.

College	Total Funding
Harvard University	$1.88B
Harvard Business School	$1.87B
Duke University	$725M
HEC Paris	$179M
University of Manchester	$172M
Stanford University	$160M
London Business School (LBS)	$99.6M
London School of Economics and Political Science	$71.4M
Keio University	$57.1M
University of California (Los Angeles)	$55M