FinTech startups in GCC
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.
Here is the list of top FinTech startups in GCC
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
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
