KSA Fintech Market is in the growing stage, being driven by Government Initiatives and availability of modern technologies. Fintech Market in KSA has various players. Total number of Fintechs in KSA is 147.
Key Market Findings:
- The demographics outlook of KSA is changing with young generation being more tech-savvy and embracing innovation in the services.
- A strong indicator of growth in this market is rise of new industry verticals like digital banking, crowd lending, infrastructure rise in digital payments and innovations in the capital market of KSA.
- The surging growth is because of many government initiatives and regulations like Digital Banking, Open Banking etc.
Current Market Positioning: The industry is moving towards digital advancement and technologies such as AI and ML to improve capabilities. Other government regulations and initiatives are being introduced in the region to support the development of Fintech industry like Digital Banks, Open Banking.
Rising Investment Activity: The investment activity in the Fintech Industry is also increasing every year with many Fintech players forging partnerships with international Fintech players, Investors and other companies in order to expand into nearby markets, add to the existing product lines and achieve innovation to capture more market.
Increasing Convergence in The Fintech Industry: KSA Fintech Market is experiencing convergence of sector, increase in SME lending via Online Platforms and development of new Technologies. The competition to Fintech firms is increasing due to many non-financial sector firms like Telecom, Media etc. incorporating financial solutions on their platforms. This shows the increasing convergence in the Fintech Industry.
The Dominance of Payments and Currency Exchange: Payments and Currency Exchange will continue to dominate the market share of 23% in the KSA Fintech Market with a GTV of more than USD 20 Bn in 2027. Lending and Finance will have a share of 21% in the KSA Fintech Market with a GTV of USD 21.25 Bn in 2027. Lending and Finance experienced a rise in share from 19% in 2022 owing to increasing popularity of crowdlending among SME’s and rising requirements of finance by individuals.
Analysts at Ken Research in their latest publication- “KSA Fintech Market Outlook to 2027- Driven by the government regulations and initiatives and the growing adoption of technology among the residents ” by Ken Research provides a comprehensive analysis of the potential of the fintech market in KSA. Rising Investment Activity and Increasing Convergence in The Fintech Industry are expected to contribute to the market growth over the forecast period.
KSA Fintech Market is expected to grow at a robust CAGR over the forecasted period 2022P-2027F.
Key Segments Covered
- Segmentation by service vertical:
- Payments and Currency Exchange
- Lending and Finance
- Business tools
- Personal financing
- Private fundraising
- Capital market
- Segmentation by Region:
- Segmentation by Investment Stage:
- Series A
- Series B and above
- Early (Pre-seed, Seed)
Segmentation by Company Stage:
- Testing License
- Idea stage
Key Target Audience
- Banks and Financial Institutions
- Cash Reconciliation Companies
- Payment Aggregators
- Payment Network Companies
- Payment Interface Companies
- M-Wallet Companies
- Young First-Generation Entrepreneurs
- Payment Gateway Companies
- PoS Terminal Companies
- M-PoS Terminal Companies
Time Period Captured in the Report:
- Historical Period: 2017-2022P
- Base Year: 2022P
- Forecast Period: 2023F–2027F
Payments and Currency Exchange-
- stc pay
- CLICK PAY
- neo leap
- noon payments
- HYPER PAY
Lending and finances-
- FALCOM TOJÁ
- OSOOL & BAKHEET FUND
Business Tools & Information Provision-
Payment System Operators –
- Apple pay
- American Express
- Google pay
Key Topics Covered in the Report
- Executive Summary
- Global Fintech Market Overview
- MENA Fintech Market Overview
- Overview of KSA Fintech Industry (Number of Fintechs and Fintech Ecosystem Enterprise Value, 2022)
- Market Size of KSA Fintech Market on the basis of GTV and Volume of Transactions, 2022
- Market Size of different Service Verticals of KSA Fintech Market on the basis of Volume of Transactions, 2022
- Market Segmentation(by service vertical, by region, by Company Stage and Investment Stage)
- Industry analysis
- SWOT Analysis of KSA Fintech Market
- Growth Drivers of KSA Fintech Market
- Trends and Developments in KSA Fintech Market
- Value Chain Analysis
- Market Segmentations; Competition; Future Market Size, 2027)
- Competition Landscspe
- Future Trends and the Way Forward
- Analyst Recommendations
- Case study
- Covid impact
- Research methodology
For more information on the research report, refer to below link:
KSA Fintech Market Outlook to 2027
KSA Personal Finance Market Outlook to 2026F
UAE Auto Finance Market Outlook to 2026F