About FinTech sector in Iraq
The FinTech sector in Iraq comprises 37 companies, including 4 funded companies having collectively raised $150K in venture capital money and private equity.
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 included in FinTech
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc.Companies excluded in FinTech
Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc.Top FinTech Companies in Iraq
There are more than 37 companies in FinTech in Iraq. QiCard is the top FinTech company in Iraq, ranked using Tracxn Score (what's this?).
Here are 5 of the top FinTech companies in Iraq:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Prepaid cards for consumers and personal finance management solutions for banks | Baghdad (Iraq) | 2007 | Unfunded | - | |
Prepaid cards provider | Baghdad (Iraq) | 2016 | Unfunded | - | |
Payment gateway | Baghdad (Iraq) | 2013 | Unfunded | - | |
Digital bank for individuals & businesses | Baghdad (Iraq) | 2020 | Unfunded | - | |
Payment solution provider | Erbil (Iraq) | 2015 | Unfunded | - |
Companies founded year-on-year in the FinTech sector in Iraq
8 FinTech startups in Iraq were founded in 2020 - 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 | - |
2024 | - |
2023 | 2 |
2022 | 1 |
2021 | 7 |
2020 | 8 |
2019 | 2 |
2018 | 1 |
2017 | 2 |
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Funding Trends in the FinTech sector in Iraq
Recent Funding Rounds in FinTech in Iraq
In the year 2024, till February 2024, FinTech companies in Iraq have raised $150K in equity funding across 1 round.
See a more detailed list of funding roundsHere are some recent, important funding rounds in FinTech companies in Iraq:
Top Investors in FinTech in Iraq
Takween Accelerator is the top investor in FinTech companies in Iraq based on number of companies invested.
Here are some top investors in FinTech companies in Iraq:
Top News in FinTech in Iraq
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Western Union, Zain Cash Partner on Cross-border TransfersTelecomDrive•Apr 30, 2022•Western Union, Zain Cash
