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 10,000 merchants, Foloosi is facilitating the transition to a cashless society in the UAE.
Website: foloosi.com
9. Jibrel Network
Founded: 2017
Founders: Talal Tabbaa, Yazan Barghuthi, Frederic Nze
Funding: $3.3 million
Description: Jibrel Network is a blockchain-based platform that enables the trading of traditional financial assets using cryptocurrency. It is pioneering the integration of blockchain technology into traditional finance in the UAE.
Website: jibrel.network
10. Mamo Pay
Founded: 2019
Founders: Anuscha Iqbal, Noor Alnahhas
Funding: $8 million
Description: Mamo Pay is a digital wallet and payments app that allows users to make instant peer-to-peer transfers, pay bills, and make purchases. Mamo Pay is at the forefront of digital payments innovation in the UAE.
Website: mamopay.com
11. Monami Tech
Founded: 2016
Founders: Anuscha Iqbal, Noor Alnahhas
Funding: Undisclosed
Description: Monami Tech is a regtech startup that provides compliance solutions for financial institutions, helping them navigate AML (anti-money laundering) and KYC (know-your-customer) regulations. It is playing a crucial role in enhancing regulatory compliance in the fintech industry.
Website: monamitech.com
12. NOW Money
Founded: 2015
Founders: Ian Dillon, Katharine Budd
Funding: $7 million
Description: NOW Money is a digital banking platform that provides financial services to low-income migrant workers in the Gulf Cooperation Council (GCC) countries. It offers accounts, remittances, and bill payments, bringing financial inclusion to underserved communities.
Website: nowmoney.me
13. PayTabs
Founded: 2014
Founders: Abdulaziz Al Jouf, Nasser Salim, Saeed Rahmani
Funding: $20 million
Description: PayTabs is a payment processing company that provides online and mobile payment solutions. Serving over 250,000 merchants across 48 countries, PayTabs is a leader in the global payments industry.
Website: paytabs.com
14. Property Finder
Founded: 2007
Founder: Michael Lahyani
Funding: $120 million
Description: Property Finder is an online real estate platform that allows users to search for properties to buy, rent, or invest in across the Middle East and North Africa. It is the go-to platform for real estate transactions in the region.
Website: propertyfinder.ae
15. Telr
Founded: 2014
Founder: Elias Ghanem
Funding: Undisclosed
Description: Telr is a payment gateway that enables merchants to accept online and mobile payments. It serves businesses across the Middle East, Africa, and Asia, supporting e-commerce growth in emerging markets.
Website: telr.com
16. Trriple
Founded: 2016
Founders: Saeed Al Darmaki, Muna Al Qassab
Funding: $5 million
Description: Trriple is a blockchain-based platform that provides digital identity, payments, and loyalty solutions. It works with governments, banks, and enterprises to enhance digital services.
Website: trriple.com
17. Wahed Invest
Founded: 2017
Founders: Junaid Wahedna, Ahyan Qureshi
Funding: $25 million
Description: Wahed Invest is a digital investment platform offering halal-compliant portfolios. It serves over 300,000 customers across 130 countries, providing ethical investment opportunities for a global audience.
Website: wahedinvest.com
18. Bridg
Founded: 2019
Founders: Husam Hafez, Zaid Jawad, Abdallah Absi
Funding: $3.5 million
Description: Bridg is a buy-now-pay-later (BN