KSA Fintech Market Outlook to 2027: Ken Research

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
Infrastructure
Segmentation by Region:
Riyadh
Khobar
Dammam
Jeddah
Segmentation by Investment Stage:
Series A
Series B and above
Early (Pre-seed, Seed)
Undisclosed

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Segmentation by Company Stage:

Testing License
Active
Idea stage
Pre-commercial

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

Companies Covered:

Payments and Currency Exchange-

stc pay
Tweeq
CLICK PAY
geidea
NearPay
neo leap
Surepay
PayTabs
FOODICS
noon payments
CASHIN
HYPER PAY

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Lending and finances-

Tamara
tabby
tamam
FORUS
Lendo

Private Fundraising-

FALCOM TOJÁ
Buthoor
OSOOL & BAKHEET FUND
Manafa

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Business Tools & Information Provision­-

Foodics
Flexxpay
Penny
wosul

Payment System Operators -

Visa
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:

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/ksa-fintech-market-outlook-to-2027/596214-93.html

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https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/ksa-personal-finance-market-outlook-to-2026/596186-93.html

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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