Tag: Fintech Company

The UAE has established itself as a global hub for financial technology, attracting innovative companies that are transforming the way financial services are delivered. The rapid growth of the fintech sector in the UAE is driven by a combination of a supportive regulatory environment, a tech-savvy population, and a strong investment landscape. This article highlights the top 20 fintech companies in the UAE that are making significant strides in the industry. 1. Tabby Founded: 2020 Founders: Hosam Arab, Daniil Barkalov, Edoardo Moreni, Tamer Azer Funding: $300 million Description: Tabby is a leading buy-now-pay-later (BNPL) platform in the UAE. It enables customers to split their purchases into interest-free installments, offering a flexible payment solution. With partnerships with over 10,000 retailers across the UAE, Saudi Arabia, Kuwait, and Egypt, Tabby is redefining consumer finance in the region. Website: tabby.ai 2. Sarwa Founded: 2017 Founders: Mark Chahwan, Jad Sayegh, Nadine Mezher Funding: $8.4 million Description: Sarwa is a digital wealth management platform that provides automated, low-cost investment services. It offers robo-advisory services to help users build diversified portfolios, making investment accessible to a broader audience. Sarwa’s approach to wealth management is revolutionizing the investment landscape in the UAE. Website: sarwa.co 3. Beehive Founded: 2014 Founders: Craig Moore, Rick Pudner, Sohail Zaheer Funding: $35 million Description: Beehive is a peer-to-peer lending platform that connects small businesses seeking finance with individual and institutional investors. It has facilitated over $100 million in loans, supporting SMEs across the UAE. Beehive is pioneering the fintech-driven democratization of finance in the region. Website: beehive.ae 4. Souqalmal Founded: 2012 Founder: Ambareen Musa Funding: Undisclosed Description: Souqalmal is a financial comparison website that helps users compare credit cards, loans, insurance, and bank accounts. With over 1 million users and partnerships with more than 50 financial institutions, Souqalmal is empowering consumers to make informed financial decisions. Website: souqalmal.com 5. Yallacompare Founded: 2011 Founders: Jonathan Rawling, Samer Chehab Funding: $15 million Description: Yallacompare is a leading price comparison platform that allows users to compare insurance, credit cards, loans, and bank accounts. With over 1.5 million users, Yallacompare is one of the most trusted names in the UAE for financial product comparisons. Website: yallacompare.com 6. Bayzat Founded: 2013 Founders: Talal Bayaa, George Hojeige Funding: $35 million Description: Bayzat offers HR and insurance solutions tailored to SMEs in the UAE. It provides employee benefits administration, payroll services, and health insurance, serving over 2,000 companies. Bayzat is streamlining the management of employee benefits, making it easier for companies to operate. Website: bayzat.com 7. BitOasis Founded: 2015 Founder: Ola Doudin Funding: $30 million Description: BitOasis is one of the largest cryptocurrency exchanges in the Middle East and North Africa. It enables users to buy, sell, and trade digital assets, positioning itself as a key player in the region’s growing crypto market. Website: bitoasis.net 8. Foloosi Founded: 2018 Founders: Omar Onsi, Mohamad Mourad Funding: $1.2 million Description: Foloosi is a digital payments platform that allows merchants to accept payments via QR codes, links, and mobile apps. Serving over… Continue Reading Top 20 Fintech Companies in the UAE: Driving Innovation and Shaping the Future of Finance