Exploring the Fintech Growth and Underfunding in MENA and LatAm

Wednesday, 25 September 2024, 17:01

Fintech growth in MENA and LatAm highlights a significant discrepancy in funding. Despite promising advancements, these regions remain underfunded compared to other global markets. This article delves into the factors influencing the funding landscape for fintech in these areas.
Fintechnews
Exploring the Fintech Growth and Underfunding in MENA and LatAm

Current State of Fintech in MENA and LatAm

The fintech industry in MENA and Latin America has seen remarkable growth, driven by innovation and an increasing demand for digital financial services. However, funding levels in these regions remain disproportionately low compared to North America.

Comparative Analysis of Funding

  • MENA has a thriving startup ecosystem.
  • Funding per capita in North America vastly outnumbers.
  • Investors overlook emerging markets.

Notable Trends in Fintech

  1. Growth in mobile banking solutions.
  2. Increase in partnerships with traditional banks.
  3. Emerging focus on regulatory frameworks.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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