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

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

9. MyFatoorah

10. Foodics

11. AMAN Holding

12. HyperPay

13. HALA

14. Rasan

15. Valu

16. Optasia

17. Sarwa

18. Thndr

19. Eazy Financial Services (EazyPay)

20. Paymob

21. ONE Cash

22. Contact Financial Holding

23. HPS

24. Tap Payments

25. PayOne

26. Paysky

27. Telr

28. Beehive

29. Masria Digital Payments (MDP)

30. Rain

31. Money Fellows

32. Upayments

33. Tarabut

34. Lean Technologies

35. NEO Pay Iraq

36. Automated Services Network Company (eNet)

37. Lendo

38. Arabian Lamaa for Digital Aggregation (LAMAA)

39. Lucky ONE

40. Thawani Pay

41. Ottu

42. Mercury Payments Services

43. Qlub

44. Telda

45. Postpay

46. Hesabe Company

47. Zbooni

48. Fintech Galaxy

49. Tameed

50. Klickit